Singapore Hotel MarketView - H1 2018

IMPROVE HOTEL TRADING CONDITIONS ALONG WITH GROWTH IN VISITOR ARRIVALS

KEY POINTS:
 
• Healthy growth in tourist arrivals of 6.7% y-o-y for first four months of 2018 on the back of continued growth in Asia Pacific tourism and increased flight and cruise connectivity to Singapore
 Continued growth in top visitor markets like China and India
 Improved hotel trading conditions between January and April, supported by increasing tourist numbers
 ​Largest growth in RevPAR seen in economy and mid-tier segments
 Additional room supply in short-term expected to taper, following previous two years of massive inventory
 Investor sentiments improved on the back of stronger hotel performance and visitor arrivals but transaction deals continued to be deterred by price gap expectations
 URA to consider proposals for new hotel developments on sites not zone for Hotel use from 13 August onwards
 Continued demand from developers seeking sites upon which to construct new hotels as two sites just released in the second half 2018 Government Land Sales (GLS) programme​
 

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CONTACT

Robert McIntosh
Executive Director - CBRE Hotels, Asia Pacific
O: +61 2 9333 3250
M: +61 449 587 023
E: robert.mcintosh@cbrehotels.com​​​​