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Luxury Hotels (5-Star Plus) in Singapore
Mar 2018
US$990Added to Cart
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Executive Summary
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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
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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
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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
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- 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
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- Luxury Hotels (5-Star Plus) in South Africa | Feb 2018
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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
- Luxury Hotels in Argentina | Jan 2020
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