Source: Singapore Business Review

The hospitality sector continues to be amongst the worst-hit industries in the coronavirus pandemic, as border restrictions persist in Singapore and throughout the world. The Singapore Tourism Board's (STB) latest figures reveal that hotels' average occupancy rate crashed 32.1 percentage points (ppt) MoM in February 2020, from 83.1% in January. On a YoY basis, occupancy rate has taken a 37.5 ppt nosedive from 88.5% in February 2019. Aiming to attract guests as soon as restrictions have lifted, hotel operators are likely to promote their contactless technologies, such as facial recognition verification during customer check-in and out.

In this year's issue of Singapore Business Review's Largest Hotel Rankings Survey, Marina Bay Sands has maintained its lead with more than 2,500 rooms. Hotel Boss remains in second spot with 1,500 rooms, whilst Swissôtel The Stamford comes in third with 1,252 rooms. Rounding up the top five are Mandarin Orchard Singapore and Carlton Hotel Singapore with 1,077 and 940 guest rooms available respectively.

The 58 largest hotels in SBR's list house 31,336 rooms, compared to 30,600 rooms in 2019. The rankings include newly launched hotels, such as Village Hotel Sentosa (606 rooms) and Oasia Hotel Downtown (314 rooms).

Read the full article at Singapore Business Review