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Country Report
Luxury Hotels (5-Star Plus) in Singapore
15 pages, Mar 2018
US$990Added to Cart
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Executive Summary
New Report Guarantee
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
PROSPECTS
Fall in tourists spending on luxury hotel accommodation dampens growth
Luxury hotels underperformed in 2017, as demand from business travellers, comprising the bulk of its clientele, weakened as companies tightened their travel budgets amidst global economic fluctuations. In addition, receipts from leisure travellers were unable to offset the drop in business travellers.
Average daily room rate drops
Singapore witnessed a significant number of new luxury hotel openings towards the end of the review period. This includes JW Marriott Hotel Singapore, InterContinental Singapore Robertson Quay, and more recently Sofitel Singapore City Centre.
COMPETITIVE LANDSCAPE
Marina Bay Sands leads sales in 2016
Marina Bay Sands maintained its leading position within brands of luxury hotels in 2016. It is one of the largest hotels with the most rooms in Singapore, and is situated in close proximity to several of the country’s most popular tourist spots, including Gardens by the Bay and Esplanade.
Competition from non-luxury hotels intensifies
Competition from non-luxury hotels increased over the review period. Smaller boutique hotels are becoming increasingly popular, especially among millennial travellers to Singapore.
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Overview
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.
SAMPLES
Delivery
Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) 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 Luxury Hotels (5-star plus) industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Hotels (5-star plus) 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 Luxury Hotels (5-star plus) 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
Want to find out more about this report?
Request more informationTable of Contents
Luxury Hotels (5-Star Plus) in Singapore - Category analysis
HEADLINES
PROSPECTS
Fall in tourists spending on luxury hotel accommodation dampens growth
Average daily room rate drops
COMPETITIVE LANDSCAPE
Marina Bay Sands leads sales in 2016
Competition from non-luxury hotels intensifies
CATEGORY DATA
Table 1 Sales in Luxury Hotels (5-star plus): Value 2012-2017Table 2 Sales in Luxury Hotels (5-star plus): % Value Growth 2012-2017
Table 3 Sales in Luxury Hotels (5-star plus) by Country of Origin: % Value 2013-2017
Table 4 NBO Company Shares of Luxury Hotels (5-star plus): % Value 2012-2016
Table 5 LBN Brand Shares of Luxury Hotels (5-star plus): % Value 2013-2016
Table 6 Forecast Sales in Luxury Hotels (5-star plus): Value 2017-2022
Table 7 Forecast Sales in Luxury Hotels (5-star plus): % Value Growth 2017-2022
Luxury Goods in Singapore - Industry Overview
EXECUTIVE SUMMARY
Marginal growth as demand weakens
Personalisation services to feed consumers’ demand
Luxury players look to expand younger consumer base
Opening of new boutiques in Singapore
Challenges ahead for luxury goods
MARKET INDICATORS
Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017MARKET DATA
Table 9 Sales of Luxury Goods by Category: Value 2012-2017Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022
SOURCES
Summary 1 Research SourcesWhy 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.
Want to find out more about this report?
Request more informationComplete Catalogue
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- Luxury Hotels (5-Star Plus) in Sweden | Feb 2018
- Luxury Hotels (5-Star Plus) in Switzerland | Feb 2018
- Luxury Hotels (5-Star Plus) in Taiwan | Apr 2018
- Luxury Hotels (5-Star Plus) in Thailand | Feb 2018
- Luxury Hotels (5-Star Plus) in the Netherlands | Feb 2018
- Luxury Hotels (5-Star Plus) in the Philippines | Feb 2018
- Luxury Hotels (5-Star Plus) in the United Arab Emirates | Feb 2018
- Luxury Hotels (5-Star Plus) in the United Kingdom | Mar 2018
- Luxury Hotels (5-Star Plus) in the US | Feb 2018
- Luxury Hotels (5-Star Plus) in Turkey | Feb 2018
- Luxury Hotels (5-Star Plus) in Ukraine | Feb 2018
Complete Catalogue
Country Reports
- Luxury Hotels (5-Star Plus) in Argentina | Jan 2018
- Luxury Hotels (5-Star Plus) in Australia | Feb 2018
- Luxury Hotels (5-Star Plus) in Brazil | Feb 2018
- Luxury Hotels (5-Star Plus) in Canada | Feb 2018
- Luxury Hotels (5-Star Plus) in China | Aug 2018
- Luxury Hotels (5-Star Plus) in France | Feb 2018
- Luxury Hotels (5-Star Plus) in Germany | Feb 2018
- Luxury Hotels (5-Star Plus) in Hong Kong, China | Feb 2018
- Luxury Hotels (5-Star Plus) in India | Feb 2018
- Luxury Hotels (5-Star Plus) in Indonesia | Feb 2018
- Luxury Hotels (5-Star Plus) in Italy | Feb 2018
- Luxury Hotels (5-Star Plus) in Japan | Feb 2018
- Luxury Hotels (5-Star Plus) in Malaysia | Feb 2018
- Luxury Hotels (5-Star Plus) in Mexico | Feb 2018
- Luxury Hotels (5-Star Plus) in Poland | Feb 2018
- Luxury Hotels (5-Star Plus) in Romania | Feb 2018
- Luxury Hotels (5-Star Plus) in Russia | Feb 2018
- Luxury Hotels (5-Star Plus) in South Africa | Feb 2018
- Luxury Hotels (5-Star Plus) in South Korea | Feb 2018
- Luxury Hotels (5-Star Plus) in Spain | Feb 2018
- Luxury Hotels (5-Star Plus) in Sweden | Feb 2018
- Luxury Hotels (5-Star Plus) in Switzerland | Feb 2018
- Luxury Hotels (5-Star Plus) in Taiwan | Apr 2018
- Luxury Hotels (5-Star Plus) in Thailand | Feb 2018
- Luxury Hotels (5-Star Plus) in the Netherlands | Feb 2018
- Luxury Hotels (5-Star Plus) in the Philippines | Feb 2018
- Luxury Hotels (5-Star Plus) in the United Arab Emirates | Feb 2018
- Luxury Hotels (5-Star Plus) in the United Kingdom | Mar 2018
- Luxury Hotels (5-Star Plus) in the US | Feb 2018
- Luxury Hotels (5-Star Plus) in Turkey | Feb 2018
- Luxury Hotels (5-Star Plus) in Ukraine | Feb 2018