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Markets & Performance

Press Release

Why are Hotel Bookings Increasing by More Than 200% in Singapore?

The Singapore Grand Prix 2024 is set to take place on September 20-22, bringing the excitement of Formula 1 racing to the Lion City. Bookings for the Grand Prix began as early as December 2023, significantly impacting hotel demand. This early surge in reservations has led to an unprecedented increase in hotel occupancy rates, with many premium and centrally located hotels reporting near-full bookings months in advance. Consequently, this has led to a marked rise in room rates and a bustling hospitality sector gearing up to cater to the influx of international visitors.

World on Holiday
Singapore, Singapore
Opinion Article

HVS Monday Musings: Hotel Sector’s Big Debate - Asset Light or Asset Right?

The Indian Hotels Company Limited (IHCL) has recently been making significant strides in the global hospitality industry. With Brand Finance ranking Taj as the world's strongest hotel brand for the third time recently, and the remarkable growth in the company’s market capitalization, IHCL's ascent into the Top 5 global Hotel Management companies (by market cap) is a testament to its growing global presence and influence. This recognition not only highlights IHCL's success but also places the Indian hospitality market in the global spotlight in line with the country’s ascent among the top 5 global economies.

Mandeep LambaDipti Mohan
By Mandeep Lamba and Dipti Mohan
India
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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.
Hospitality Net
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The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter. 
Mews
Opinion Article

A Deep Dive Into Japan’s Hotel ADR Growth Trends

Japan’s growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months – a function of a later opening post-pandemic, above-average inflation, and an influx of international demand. That’s largely reflected in average-daily-rate (ADR) growth, although through much of 2023, the first and third points helped drive double-digit occupancy increases as well.

Kelsey Fenerty
By Kelsey Fenerty, Manager Analytics, STR, CoStar
Japan