Key Summary Points

  • Increasing activity on the hotel investment, mainly economy or midscale hotels outside of central core regions.

 

  • Growth in top visitor markets like China and India

 

  • Mixed performance across all segments for the first ten months of 2017 with economy hotels showing the strongest growth 

 

  • Additional room supply in 2018 will taper, following previous two years of massive inventory

 

  • Passenger movements in Changi Airport hit a new record, there were 60 million passengers as at YTD 2017

 

  • Strong potential in fly-cruise tourism with tripartite partnership across CAG, STB and Royal Caribbean – especially amongst the Indian market

 

  • Joint effort by STB and EDB to market Singapore as a unified brand with a new tagline – Passion Made Possible

 

  • STB launches technology road map - Smart Hotel Technology Roadmap to help hotels become ‘smarter’