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