Horwath HTL Industry Report: Singapore Hotel Market Review March 2019
Singapore's tourism industry performed significantly better in 2018, with visitor arrivals exceeding earlier forecasts and its hotels reversing a persistent downward trend. Visitor arrivals hit a record 18.5 million, driving occupancy levels (86 percent) that helped raise RevPAR to SGD189. As the market enters a period of compression and supply growth remains slow, how will the market respond to the changed dynamics?
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