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Hotels & Motels in Singapore

Singapore: Hotels & Motels Industry Report

  • September 2017
  • 39 pages
  • ID: 177335
In this report:
The Singaporean industry is expected to post accelerated growth over the forecast period due to the supply-shift from luxury to midscale hotels, which will stimulate demand of foreign tourists amid lower cost of accommodation.
In particular, the growth of capacity of the Singaporean industry, measured by units of establishments, is expected to decelerate at a CAGR of -##.##% over 2016-2021.
The industry's volume is expected to rise to ##.## establishments by the end of 2021, representing a CAGR of ##.##% over 2016-2021.

Summary

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Hotels & Motels in Singapore

Brief

Hotels & Motels in Singapore industry profile offers broad overview information containing: market size (value and volume between 4 years (2012-2016), and outlook to 2021). The report also offers details of the top players, including main business metrics and analysis of the competitive environment within the market.

Abstract

Fundamental source for important data and analysis covering the Singapore hotels & motels industry. Contains industry size and segmentation information, textual and graphical study of business growth trends, dominant companies and macroeconomic data.

Key Findings

- 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, including casinos, shops and telecommunication services.

- The Singaporean hotels & motels industry's global revenue valued of $4.6bn in 2016, showing a CARC of -2.00 percent in the timespan 2012-2016.

- Industry consumption volume raised with a CAGR of 5.10 percent in the timespan 2012-2016, to attain 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 newest two years, minimizing revenues of hotel operators. The average occupancy rate was approximately 84.20 percent in 2016, a reduction of almost 1.00 percent compared to 2015, with the average price of accommodation also falling by 3.60 percent in that year. Foreign arrivals, nevertheless, increased by 8.00 percent.

Overview

- Obtain entry-level research easily and quickly by finding key elements, such as size, growth, main segments and key actors in the hotels & motels industry in Singapore (SG)

- Porter's five forces analysis will help you define the competitive concentration and thus the appeal of the hotels & motels industry in Singapore (SG)

- Dominant company profiles show details of key hotels & motels market actors' overall activities and financial performance

- Improve your presentations and pitches by apprehending the growth projections of the Singapore hotels & motels segment with 5 years predictions by both value and volume

Purposes to acquire this study

- What was the size of the Singapore hotels & motels market worth in 2016?

- What will be the size of the Singapore hotels & motels industry in 2021?

- What factors are influencing the force of competition in the Singapore hotels & motels industry?

- How has the sector performed over the final five years?

- What are the top segments that make up Singapore's hotels & motels industry?

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ref:plp2017

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