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Hotels and Motels in Singapore - Market Summary, Competitive Analysis and Forecast to 2025

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    Report

  • 39 Pages
  • October 2021
  • Region: Singapore
  • MarketLine
  • ID: 5516535
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Hotels & 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?
Frequently Asked Questions about the Singaporean Hotels and Motels Market

What is the estimated value of the Singaporean Hotels and Motels Market?

The Singaporean Hotels and Motels Market was estimated to be valued at $1.46 Billion in 2020.

What is the growth rate of the Singaporean Hotels and Motels Market?

The growth rate of the Singaporean Hotels and Motels Market is 33.9%, with an estimated value of $6.27 Billion by 2025.

What is the forecasted size of the Singaporean Hotels and Motels Market?

The Singaporean Hotels and Motels Market is estimated to be worth $6.27 Billion by 2025.

Who are the key companies in the Singaporean Hotels and Motels Market?

Key companies in the Singaporean Hotels and Motels Market include Hotel 81 Management Pte Ltd. and Global Premium Hotels Ltd.

Table of 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. 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 strategies do the leading players follow?
7.3. What strategies do the leading players follow? (continued)
7.4. How has the COVID-19 pandemic impacted 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 Research
10.4. About the Author
List of Tables
Table 1: Singapore hotels & motels industry value: $ million, 2016-20
Table 2: Singapore hotels & motels industry volume: number of establishments, 2016-20
Table 3: Singapore hotels & motels industry category segmentation: $ million, 2020
Table 4: Singapore hotels & motels industry geography segmentation: $ million, 2020
Table 5: Singapore hotels & motels industry value forecast: $ million, 2020-25
Table 6: Singapore hotels & motels industry volume forecast: number of establishments, 2020-25
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: Global Premium Hotels Ltd: key facts
Table 15: Singapore size of population (million), 2016-20
Table 16: Singapore gdp (constant 2005 prices, $ billion), 2016-20
Table 17: Singapore gdp (current prices, $ billion), 2016-20
Table 18: Singapore inflation, 2016-20
Table 19: Singapore consumer price index (absolute), 2016-20
Table 20: Singapore exchange rate, 2016-20
List of Figures
Figure 1: Singapore hotels & motels industry value: $ million, 2016-20
Figure 2: Singapore hotels & motels industry volume: number of establishments, 2016-20
Figure 3: Singapore hotels & motels industry category segmentation: % share, by value, 2020
Figure 4: Singapore hotels & motels industry geography segmentation: % share, by value, 2020
Figure 5: Singapore hotels & motels industry value forecast: $ million, 2020-25
Figure 6: Singapore hotels & motels industry volume forecast: number of establishments, 2020-25
Figure 7: Forces driving competition in the hotels & motels industry in Singapore, 2020
Figure 8: Drivers of buyer power in the hotels & motels industry in Singapore, 2020
Figure 9: Drivers of supplier power in the hotels & motels industry in Singapore, 2020
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Singapore, 2020
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Singapore, 2020
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Singapore, 2020

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Hotel 81 Management Pte Ltd.
  • Marriott International Inc
  • Global Premium Hotels Ltd