Hotels & Motels in Singapore
SummaryHotels & Motels in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The Singaporean hotels and motels industry had total revenues of $1.5bn in 2020, representing a compound annual rate of change (CARC) of -25.7% between 2016 and 2020.
- The number of establishments increased with a compound annual growth rate (CAGR) of 1.7% between 2016 and 2020, to reach a total of 442.0 in 2020.
- The hotels and motels industry has grown in response to increased tourism in Singapore. In 2019, Singapore saw growth in both visitor arrivals and tourism receipts for a fourth consecutive year, despite global headwinds.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Singapore
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore hotels & motels market with five year forecasts
Reasons To Buy
- What was the size of the Singapore hotels & motels market by value in 2020?
- What will be the size of the Singapore hotels & motels market in 2025?
- What factors are affecting the strength of competition in the Singapore hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's hotels & motels market?
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