Hotels & Motels in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Synopsis
Essential resource for top-line data and analysis covering the Singapore hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.Key Highlights
The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.
The Singaporean hotels & motels industry’s total revenue valued of $4.6bn in 2016, representing a compound annual rate of change (CARC) of -2.0% between 2012 and 2016.
Industry consumption volume increased with a compound annual growth rate (CAGR) of 5.1% between 2012 and 2016, to reach a total of 413.0 establishments in 2016.
The strong growth of supply in the Singaporean industry has reduced occupancy rates, outpacing demand. Accordingly, the average price of accommodation has fallen significantly in the last two years, minimizing revenues of hotel operators. The average occupancy rate was approximately 84.2% in 2016, a reduction of almost 1.0% compared to 2015, with the average price of accommodation also falling by 3.6% in that year. Foreign arrivals, however, increased by 8.0%.
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Singapore
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Singapore
Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Singapore hotels & motels market with five year forecasts by both value and volume
Reasons to buy
What was the size of the Singapore hotels & motels market by value in 2016?
What will be the size of the Singapore hotels & motels market in 2021?
What factors are affecting the strength of competition in the Singapore hotels & motels market?
How has the market performed over the last five years?
What are the main segments that make up Singapore's hotels & motels market?