Singapore Hotels MarketView - H1 2015

Arrivals start to recover but trading still a challenge

 

TOP NEWS

• First monthly increase in visitor arrivals since February 2014.
• Key highlights: Celebration of Nation’s 50 years of independence and the hosting of 28th Southeast Asia Games.
• STB’s S$20 million campaign launched in May to woo visitors from key feeder markets.
• Investment deals not limited to downtown core anymore; more deals are spilling along city fringe, though still rare and at high prices.
• UNESCO declares Botanic Gardens as a World Heritage Site.
• Singapore tops Lonely Planet’s Best in Travel 2015.
• Singapore Zoo is the best in Asia according to TripAdvisor’s 2015 Travellers’ Choice awards and 3rd in the worldwide category.
• Singapore tourism market faces potential headwinds for the remaining 2015 but marketing efforts from SG50 may see some improvements.
 
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CONTACT

Robert McIntosh
Executive Director - CBRE Hotels, Asia Pacific
O: +65 6326 1200
M: +65 8123 0208
E: robert.mcintosh@cbrehotels.com