"Lodging in Singapore" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Oct 13 2015

Lodging recorded more dynamic current value sales growth of 4% in 2014, as 12 new hotels opened that increased the supply of rooms in the national inventory by close to 2,000. The new crop of hotels was dominated by rooms in the luxury and mid-priced tier, as 2014 saw the opening of several prominent hotel chains, including Hotel Jen Orchardgateway, One Farrer Hotel & Spa and Sofitel So Singapore. Average occupancy rates fell slightly, owing to the growing supply of rooms and the slight dip in Singapore’s tourist arrivals in 2014. However, average daily rates for hotels saw a slight increase and were driven by demand for luxury hotels in prime locations, bolstered by events such as the Great Singapore Sale and Formula One Grand Prix.

Full Report Details at
- http://www.fastmr.com/prod/1058157_lodging_singapore.aspx?afid=302

Industry Prospects

Amidst a positive outlook for inbound tourist arrivals in Singapore, lodging sales in Singapore are expected to grow at a CAGR of 5% at constant 2014 prices over the forecast period. Mid-tier hotels are likely to see strong demand, as economy travel is growing in popularity, especially among tourists from countries like Indonesia and China. An increasing challenge that will be faced by hoteliers over the forecast period will be having enough manpower, as recent labour law changes mean it is more difficult to employ foreign employees.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation 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 Travel Accommodation industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The?Travel Accommodation 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 Travel Accommodation 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?

Reasons to Get this Report

* Gain competitive intelligence about market leaders

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