Hotels & Motels in Singapore
Hotels & Motels in Singapore
Summary
Hotels & Motels in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Hotels & Motels in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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 recorded revenues of $5.8 billion in 2023, representing a compound annual growth rate (CAGR) of 5.3% between 2018 and 2023.
- The number of establishments in the industry grew at a CAGR of 1.1% between 2018 and 2023, reaching a total of 253 in 2023.
- The growing travel and tourism expenditure is a key driver of revenue in the hotels & motels industry. According to the World Travel & Tourism Council (WTTC), the total travel and tourism spending in Singapore reached $43.6 billion in 2023, reflecting an 80.2% increase from 2022.
- 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
- What was the size of the Singapore hotels & motels market by value in 2023?
- What will be the size of the Singapore hotels & motels market in 2028?
- 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?
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. Geography segmentation
1.7. Market rivalry
1.8. 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
4.2. Geography 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 are the strengths and strategies of the leading players?
7.3. What are the recent developments in the industry?
8 COMPANY PROFILES
8.1. Accor SA
8.2. Marriott International Inc
8.3. Genting Singapore Limited
8.4. Hotel Grand Central 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
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. 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
4.2. Geography 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 are the strengths and strategies of the leading players?
7.3. What are the recent developments in the industry?
8 COMPANY PROFILES
8.1. Accor SA
8.2. Marriott International Inc
8.3. Genting Singapore Limited
8.4. Hotel Grand Central 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
Table 1: Singapore hotels & motels industry value: $ million, 2018-23
Table 2: Singapore hotels & motels industry volume: number of establishments, 2018-23
Table 3: Singapore hotels & motels industry category segmentation: % share, by value, 2018-23
Table 4: Singapore hotels & motels industry category segmentation: $ million, 2018-23
Table 5: Singapore hotels & motels industry geography segmentation: $ million, 2023
Table 6: Singapore hotels & motels industry value forecast: $ million, 2023-28
Table 7: Singapore hotels & motels industry volume forecast: number of establishments, 2023-28
Table 8: Accor SA: Key Facts
Table 9: Accor SA: Annual Financial Ratios
Table 10: Accor SA: Key Employees
Table 11: Accor SA: Key Employees Continued
Table 12: Marriott International Inc: Key Facts
Table 13: Marriott International Inc: Annual Financial Ratios
Table 14: Marriott International Inc: Key Employees
Table 15: Marriott International Inc: Key Employees Continued
Table 16: Marriott International Inc: Key Employees Continued
Table 17: Genting Singapore Limited: Key Facts
Table 18: Genting Singapore Limited: Annual Financial Ratios
Table 19: Genting Singapore Limited: Key Employees
Table 20: Hotel Grand Central Ltd: Key Facts
Table 21: Hotel Grand Central Ltd: Annual Financial Ratios
Table 22: Hotel Grand Central Ltd: Key Employees
Table 23: Singapore Size of Population (million), 2019-23
Table 24: Singapore Real GDP (Constant 2010 Prices, $ billion), 2019-23
Table 25: Singapore GDP (current prices, $ billion), 2019-23
Table 26: Singapore Inflation, 2019-23
Table 27: Singapore Consumer Price Index (absolute), 2019-23
Table 28: Singapore Exchange Rate, 2018-23
Table 1: Singapore hotels & motels industry value: $ million, 2018-23
Table 2: Singapore hotels & motels industry volume: number of establishments, 2018-23
Table 3: Singapore hotels & motels industry category segmentation: % share, by value, 2018-23
Table 4: Singapore hotels & motels industry category segmentation: $ million, 2018-23
Table 5: Singapore hotels & motels industry geography segmentation: $ million, 2023
Table 6: Singapore hotels & motels industry value forecast: $ million, 2023-28
Table 7: Singapore hotels & motels industry volume forecast: number of establishments, 2023-28
Table 8: Accor SA: Key Facts
Table 9: Accor SA: Annual Financial Ratios
Table 10: Accor SA: Key Employees
Table 11: Accor SA: Key Employees Continued
Table 12: Marriott International Inc: Key Facts
Table 13: Marriott International Inc: Annual Financial Ratios
Table 14: Marriott International Inc: Key Employees
Table 15: Marriott International Inc: Key Employees Continued
Table 16: Marriott International Inc: Key Employees Continued
Table 17: Genting Singapore Limited: Key Facts
Table 18: Genting Singapore Limited: Annual Financial Ratios
Table 19: Genting Singapore Limited: Key Employees
Table 20: Hotel Grand Central Ltd: Key Facts
Table 21: Hotel Grand Central Ltd: Annual Financial Ratios
Table 22: Hotel Grand Central Ltd: Key Employees
Table 23: Singapore Size of Population (million), 2019-23
Table 24: Singapore Real GDP (Constant 2010 Prices, $ billion), 2019-23
Table 25: Singapore GDP (current prices, $ billion), 2019-23
Table 26: Singapore Inflation, 2019-23
Table 27: Singapore Consumer Price Index (absolute), 2019-23
Table 28: Singapore Exchange Rate, 2018-23
LIST OF FIGURES
Figure 1: Singapore hotels & motels industry value: $ million, 2018-23
Figure 2: Singapore hotels & motels industry volume: number of establishments, 2018-23
Figure 3: Singapore hotels & motels industry category segmentation: $ million, 2018-23
Figure 4: Singapore hotels & motels industry geography segmentation: % share, by value, 2023
Figure 5: Singapore hotels & motels industry value forecast: $ million, 2023-28
Figure 6: Singapore hotels & motels industry volume forecast: number of establishments, 2023-28
Figure 7: Forces driving competition in the hotels & motels industry in Singapore, 2023
Figure 8: Drivers of buyer power in the hotels & motels industry in Singapore, 2023
Figure 9: Drivers of supplier power in the hotels & motels industry in Singapore, 2023
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Singapore, 2023
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Singapore, 2023
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Singapore, 2023
Figure 1: Singapore hotels & motels industry value: $ million, 2018-23
Figure 2: Singapore hotels & motels industry volume: number of establishments, 2018-23
Figure 3: Singapore hotels & motels industry category segmentation: $ million, 2018-23
Figure 4: Singapore hotels & motels industry geography segmentation: % share, by value, 2023
Figure 5: Singapore hotels & motels industry value forecast: $ million, 2023-28
Figure 6: Singapore hotels & motels industry volume forecast: number of establishments, 2023-28
Figure 7: Forces driving competition in the hotels & motels industry in Singapore, 2023
Figure 8: Drivers of buyer power in the hotels & motels industry in Singapore, 2023
Figure 9: Drivers of supplier power in the hotels & motels industry in Singapore, 2023
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Singapore, 2023
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Singapore, 2023
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Singapore, 2023
