Singapore Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2026

March 2023 | 43 pages | ID: SF0AFE359A9DEN
MarketLine

Abstracts

Singapore Hotels and Motels Market @Summary, Competitive Analysis and Forecast to 2026

SUMMARY

Hotels & Motels in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-21, and forecast to 2026). 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 & motels industry had total revenues of $1.2 billion in 2021, representing a negative compound annual rate of change (CARC) of 24.6% between 2016 and 2021.
• Industry consumption volume increased with a compound annual growth rate (CAGR) of 1% between 2016 and 2021, to reach a total of 434 establishments in 2021.
• Singapore is increasingly gaining an appeal as a leisure and business destination. The country hosts various events and boasts refreshed tourism offerings that attracts millions of visitors.

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 by both value and volume

REASONS TO BUY

• What was the size of the Singapore hotels & motels market by value in 2021?
• What will be the size of the Singapore hotels & motels market in 2026?
• 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?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Market rivalry
1.7. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Category segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of leading players?
7.4. How has the COVID-19 pandemic impacted leading players?
7.5. What were the most recent market developments?
7.6. Are there any threats to the leading players?

8 COMPANY PROFILES

8.1. Hotel 81 Management Pte Ltd.
8.2. Marriott International Inc
8.3. Global Premium Hotels Ltd

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Singapore hotels & motels industry value: $ million, 2017–21
Table 2: Singapore hotels & motels industry volume: Number of Establishments, 2017–21
Table 3: Singapore hotels & motels industry category segmentation: % share, by value, 2017–2021
Table 4: Singapore hotels & motels industry category segmentation: $ million, 2017-2021
Table 5: Singapore hotels & motels industry value forecast: $ million, 2021–26
Table 6: Singapore hotels & motels industry volume forecast: Number of Establishments, 2021–26
Table 7: CRG Holdings, LLC : key facts
Table 8: Hotel 81 Management Pte Ltd.: key facts
Table 9: Marriott International Inc: key facts
Table 10: Marriott International Inc: Annual Financial Ratios
Table 11: Marriott International Inc: Key Employees
Table 12: Marriott International Inc: Key Employees Continued
Table 13: Marriott International Inc: Key Employees Continued
Table 14: Marriott International Inc: Key Employees Continued
Table 15: Global Premium Hotels Ltd: key facts
Table 16: Singapore size of population (million), 2017–21
Table 17: Singapore gdp (constant 2005 prices, $ billion), 2017–21
Table 18: Singapore gdp (current prices, $ billion), 2017–21
Table 19: Singapore inflation, 2017–21
Table 20: Singapore consumer price index (absolute), 2017–21
Table 21: Singapore exchange rate, 2017–21

List Of Figures

LIST OF FIGURES

Figure 1: Singapore hotels & motels industry value: $ million, 2017–21
Figure 2: Singapore hotels & motels industry volume: Number of Establishments, 2017–21
Figure 3: Singapore hotels & motels industry category segmentation: $ million, 2017-2021
Figure 4: Singapore hotels & motels industry value forecast: $ million, 2021–26
Figure 5: Singapore hotels & motels industry volume forecast: Number of Establishments, 2021–26
Figure 6: Forces driving competition in the hotels & motels industry in Singapore, 2021
Figure 7: Drivers of buyer power in the hotels & motels industry in Singapore, 2021
Figure 8: Drivers of supplier power in the hotels & motels industry in Singapore, 2021
Figure 9: Factors influencing the likelihood of new entrants in the hotels & motels industry in Singapore, 2021
Figure 10: Factors influencing the threat of substitutes in the hotels & motels industry in Singapore, 2021
Figure 11: Drivers of degree of rivalry in the hotels & motels industry in Singapore, 2021