Executive Summary

Aug 2019
PROSPECTS
Positive outlook for the lodging industry

2019 was a good year for the lodging industry after a boost to inbound tourist arrival numbers due to the movie “Crazy Rich Asians” as well as the Trump-Kim summit. The growth in annual visitors is forecast to increase continually year on year.

Boutique hotels seeing strong growth

Tourist demand for hotels has gradually changed over time, with more people seeking a unique experience. The influx of young travellers is changing and shaping the way hotels operate.

Regulations threaten short-term rentals

Following years of consultations with various stakeholders, Singapore’s Statutory Board has decided to go against the Urban Redevelopment Authority’s proposal to allow short-term rentals of private homes. Singapore remains the exception for strict regulations on short-term rentals, citing reasons such as other residents’ security and privacy.

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Lodging in Singapore

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Overview

Discover the latest market trends and uncover sources of future market growth for the Lodging industry in Singapore with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Lodging industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The Lodging in Singapore market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Lodging in Singapore?
  • What are the major brands in Singapore?
  • What is the rate of development for chained hotels vs independent hotels?
  • How are luxury hotels performing compared to mid-priced and budget hotels?
  • Is there an increase in hostels and campsites?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Travel And Tourism market research database.

Lodging in Singapore - Category analysis

HEADLINES

PROSPECTS

Positive outlook for the lodging industry
Boutique hotels seeing strong growth
Regulations threaten short-term rentals

CATEGORY DATA

Table 1 Lodging Sales: Value 2014-2019
Table 2 Lodging Online Sales: Value 2014-2019
Table 3 Hotels Sales: Value 2014-2019
Table 4 Hotels Online Sales: Value 2014-2019
Table 5 Other Lodging Sales: Value 2014-2019
Table 6 Other Lodging Online Sales: Value 2014-2019
Table 7 Lodging Outlets: Units 2014-2019
Table 8 Lodging: Number of Rooms 2014-2019
Table 9 Lodging by Incoming vs Domestic: % Value 2014-2019
Table 10 Hotels NBO Company Shares: % Value 2015-2019
Table 11 Hotel Brands by Key Performance Indicators 2019
Table 12 Forecast Lodging Sales: Value 2019-2024
Table 13 Forecast Lodging Online Sales: Value 2019-2024
Table 14 Forecast Hotels Sales: Value 2019-2024
Table 15 Forecast Hotels Online Sales: Value 2019-2024
Table 16 Forecast Other Lodging Sales: Value 2019-2024
Table 17 Forecast Other Lodging Online Sales: Value 2019-2024
Table 18 Forecast Lodging Outlets: Units 2019-2024

Travel in Singapore - Industry Overview

EXECUTIVE SUMMARY

Singapore travel industry continues to grow
Online travel intermediaries under threat
Increasing competition between scheduled airlines and low-cost flyers
Boutique hotels gaining popularity
Optimistic outlook for the forecast period

SWOT

Summary 1 Destination Singapore: SWOT

MARKET DATA

Table 19 Annual Leave: Volume 2014-2019
Table 20 Travellers by Age: Number of People 2014-2019
Table 21 Seasonality: Number of People 2014-2019
Table 22 Leisure Outbound Demographics: Number of Trips 2014-2019
Table 23 Other Transport Sales: Value 2014-2019
Table 24 Other Transport Online Sales: Value 2014-2019
Table 25 Forecast Other Transport Sales: Value 2019-2024
Table 26 Forecast Other Transport Online Sales: Value 2019-2024
Table 27 Activities: Value 2014-2019
Table 28 Forecast Activities: Value 2019-2024

SOURCES

Summary 2 Research Sources