Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels (5-Star Plus) in Singapore

15 pages, Mar 2018

US$990

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Executive Summary

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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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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.

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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

Megatrends

Country Report

Luxury Hotels (5-Star Plus) in Singapore

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Executive Summary

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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

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Megatrends

Country Report

Luxury Hotels (5-Star Plus) in Singapore

New Report Guarantee

Executive Summary

New Report Guarantee

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

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Why buy this report?

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