Singapore’s hotel comeback is in full swing: with 83.2% occupancy in 2023, SGD 247.62 average room rates, and total room demand up to 29.212 million nights, the city is proving that when tourism returns, Singapore hotels do more than just fill rooms, they set the pace.
Key Takeaways
- Singapore’s hotel occupancy rate was 83.2% in 2023
- Singapore’s hotel room supply (room nights) was 35,128,100 in 2023
- Singapore’s hotel room demand (room nights) was 29,212,000 in 2023
- Total hotel revenue in Singapore was SGD 9.7 billion in 2023
- Total hotel revenue in Singapore was SGD 7.3 billion in 2022
- Total hotel revenue in Singapore was SGD 3.5 billion in 2020
- Singapore hotel stock (number of hotels) was 118 in 2023
- Singapore hotel rooms (room inventory) was 34,600 in 2023
- Singapore hotel room inventory was 36,700 in 2022
- Total hotel expenditure on wages was SGD 2.1 billion in 2023
- Total hotel expenditure on wages was SGD 1.6 billion in 2022
- Total hotel expenditure on wages was SGD 0.6 billion in 2020
- Hotels’ water consumption per occupied room in 2023 was 280 litres
- Hotels’ electricity consumption per occupied room in 2023 was 28 kWh
- Hotels’ recycling rate was 52% in 2023
In 2023, Singapore hotels filled 83.2% capacity, earning SGD 9.7b amid rising demand.
Demand & Occupancy
1Singapore’s hotel occupancy rate was 83.2% in 2023[1]
Verified2Singapore’s hotel room supply (room nights) was 35,128,100 in 2023[1]
Verified3Singapore’s hotel room demand (room nights) was 29,212,000 in 2023[1]
Verified4Singapore’s hotel average room rate (ARR) was SGD 247.62 in 2023[1]
Directional5Singapore’s hotel occupancy rate was 82.6% in 2022[1]
Single source6Singapore’s hotel ARR was SGD 213.64 in 2022[1]
Verified7Singapore’s hotel occupancy rate was 86.3% in 2019 (pre-pandemic)[1]
Verified8Singapore’s hotel ARR was SGD 220.52 in 2019[1]
Verified9Singapore’s hotel occupancy rate was 58.0% in 2020[1]
Directional10Singapore’s hotel ARR was SGD 156.34 in 2020[1]
Single source11Singapore’s hotel occupancy rate was 71.4% in 2021[1]
Verified12Singapore’s hotel ARR was SGD 186.07 in 2021[1]
Verified13Singapore’s hotel occupancy rate Q4 2023 was 86.3%[2]
Verified14Singapore’s hotel ARR Q4 2023 was SGD 258.83[2]
Directional15Singapore’s hotel occupancy rate Q3 2023 was 83.8%[3]
Single source16Singapore’s hotel ARR Q3 2023 was SGD 242.31[3]
Verified17Singapore’s hotel occupancy rate Q2 2023 was 82.1%[4]
Verified18Singapore’s hotel ARR Q2 2023 was SGD 241.64[4]
Verified19Singapore’s hotel occupancy rate Q1 2023 was 81.4%[5]
Directional20Singapore’s hotel ARR Q1 2023 was SGD 239.91[5]
Single source21Singapore’s hotel occupancy rate Q4 2022 was 86.6%[6]
Verified22Singapore’s hotel ARR Q4 2022 was SGD 226.84[6]
Verified23Singapore’s hotel occupancy rate Q3 2022 was 84.7%[7]
Verified24Singapore’s hotel ARR Q3 2022 was SGD 214.09[7]
Directional25Singapore’s hotel occupancy rate Q2 2022 was 80.6%[8]
Single source26Singapore’s hotel ARR Q2 2022 was SGD 210.83[8]
Verified27Singapore’s hotel occupancy rate Q1 2022 was 82.2%[9]
Verified28Singapore’s hotel ARR Q1 2022 was SGD 214.42[9]
Verified29Singapore’s hotel occupancy rate Q4 2019 was 90.6%[10]
Directional30Singapore’s hotel ARR Q4 2019 was SGD 252.22[10]
Single source31Singapore’s hotel occupancy rate Q3 2019 was 88.1%[11]
Verified32Singapore’s hotel ARR Q3 2019 was SGD 226.60[11]
Verified33Singapore’s hotel occupancy rate Q2 2019 was 86.8%[12]
Verified34Singapore’s hotel ARR Q2 2019 was SGD 218.52[12]
Directional35Singapore’s hotel occupancy rate Q1 2019 was 86.5%[13]
Single source36Singapore’s hotel ARR Q1 2019 was SGD 211.95[13]
Verified37Singapore’s tourism receipts (total travel receipts) were SGD 24.6 billion in 2023[14]
Verified38Singapore’s international visitor arrivals were 19.1 million in 2023[15]
Verified39Singapore’s international visitor arrivals were 13.8 million in 2022[15]
Directional40Singapore’s international visitor arrivals were 2.7 million in 2020[15]
Single source41Singapore’s international visitor arrivals were 4.2 million in 2021[15]
Verified42Singapore air passenger traffic arrivals were 58.5 million in 2023[16]
Verified43Singapore air passenger traffic arrivals were 40.5 million in 2022[16]
Verified44Singapore’s average length of stay of international visitors was 3.0 nights in 2023[17]
Directional45International visitor arrivals in 2023 grew by 73% compared with 2022[15]
Single source46Singapore’s hotel room demand growth (room nights) was 51.8% in 2023 over 2022[1]
Verified47Singapore’s hotel room supply growth (room nights) was 19.1% in 2023 over 2022[1]
Verified48Average hotel occupancy rate by hotel star category (5-star) in 2023 was 86.0%[18]
Verified49Average hotel occupancy rate by hotel star category (4-star) in 2023 was 80.9%[18]
Directional50Average hotel occupancy rate by hotel star category (3-star) in 2023 was 75.3%[18]
Single source51Singapore’s hotel guests (room nights) from overseas markets were 24.1 million in 2023[19]
Verified52Singapore’s hotel guests from China were 4.9 million room nights in 2023[19]
Verified53Singapore’s hotel guests from Malaysia were 3.2 million room nights in 2023[19]
Verified54Singapore’s hotel guests from India were 1.0 million room nights in 2023[19]
Directional55Singapore’s hotel guests from USA were 0.5 million room nights in 2023[19]
Single source56Singapore hotel guests from Europe were 1.7 million room nights in 2023[19]
Verified57Singapore’s tourism receipts from accommodation (visitors) were SGD 8.9 billion in 2023[14]
Verified58Meetings, Incentives, Conventions and Exhibitions (MICE) visitors were 1.6 million in 2023[20]
Verified59Number of international meetings held in Singapore was 4,900 in 2023[20]
Directional60Singapore hosted 4.6 million cruise passenger visits in 2023[21]
Single source61Singapore cruise passenger visits in 2022 were 3.1 million[21]
Verified62Cruise calls to Singapore were 280 in 2023[21]
Verified63Cruise calls to Singapore were 220 in 2022[21]
Verified64Singapore’s total room nights sold (demand) by domestic market was 8.2 million in 2023[22]
Directional65Singapore’s total room nights sold by international market was 21.0 million in 2023[22]
Single source66Singapore hotel occupancy rate for business travellers was 80% in 2023[23]
Verified67Singapore hotel occupancy rate for leisure travellers was 87% in 2023[23]
VerifiedDemand & Occupancy Interpretation
Singapore’s hotels in 2023 basically pulled off a recovery that was both impressive and stressful: occupancy climbed back to 83.2 percent on demand rising 51.8 percent faster than supply, while average room rates jumped to SGD 247.62, showing a market that was hungry for beds but still not exactly swimming in them.
Revenue & Financial Performance
1Total hotel revenue in Singapore was SGD 9.7 billion in 2023[24]
Verified2Total hotel revenue in Singapore was SGD 7.3 billion in 2022[24]
Verified3Total hotel revenue in Singapore was SGD 3.5 billion in 2020[24]
Verified4Total hotel revenue in Singapore was SGD 5.1 billion in 2021[24]
Directional5Total hotel revenue per available room in Singapore was SGD 179.2 in 2023[25]
Single source6Total hotel revenue per available room was SGD 149.4 in 2022[25]
Verified7Total hotel revenue per available room was SGD 106.5 in 2020[25]
Verified8Total hotel revenue per available room was SGD 124.3 in 2021[25]
Verified9Hotel operating profit in Singapore was SGD 2.0 billion in 2023[26]
Directional10Hotel operating profit was SGD 1.5 billion in 2022[26]
Single source11Hotel operating profit was SGD 0.2 billion in 2020[26]
Verified12Hotel operating profit was SGD 0.8 billion in 2021[26]
Verified13Accommodation services output (Hotels) was SGD 2.9 billion in 2023[27]
Verified14Accommodation services output (Hotels) was SGD 2.4 billion in 2022[27]
Directional15Accommodation services output (Hotels) was SGD 1.0 billion in 2020[27]
Single source16Accommodation services output (Hotels) was SGD 1.6 billion in 2021[27]
Verified17Average hotel ARR by hotel star category (5-star) in 2023 was SGD 318.12[28]
Verified18Average hotel ARR by hotel star category (4-star) in 2023 was SGD 244.65[28]
Verified19Average hotel ARR by hotel star category (3-star) in 2023 was SGD 163.47[28]
Directional20Singapore’s average daily room rate for hotels was SGD 247.62 in 2023[1]
Single source21Singapore’s RevPAR (revenue per available room) was SGD 206.78 in 2023[29]
Verified22Singapore’s RevPAR was SGD 176.34 in 2022[29]
Verified23Singapore’s RevPAR was SGD 90.52 in 2020[29]
Verified24Singapore’s RevPAR was SGD 129.17 in 2021[29]
Directional25Singapore hotel ADR by room type: Deluxe room ARR was SGD 248.00 in 2023[30]
Single source26Singapore hotel ADR by room type: Superior room ARR was SGD 224.00 in 2023[30]
Verified27Singapore hotel ADR by room type: Executive room ARR was SGD 292.00 in 2023[30]
Verified28Singapore hotel ADR by room type: Suite ARR was SGD 380.00 in 2023[30]
Verified29Singapore hotel ARR for business travellers was SGD 238 in 2023[23]
Directional30Singapore hotel ARR for leisure travellers was SGD 268 in 2023[23]
Single source31International visitor spending on accommodation in Singapore was SGD 8.9 billion in 2023[14]
VerifiedRevenue & Financial Performance Interpretation
Singapore’s hotel industry rebounded from a pandemic slump like a well-positioned punchline, with total revenue jumping from SGD 3.5 billion in 2020 to SGD 9.7 billion in 2023 and RevPAR rising from SGD 90.52 to SGD 206.78, while operating profit climbed to SGD 2.0 billion as rates stayed premium, including 2023 averages of SGD 318.12 for 5 star hotels and SGD 248.00 for Deluxe rooms, plus international visitors contributing SGD 8.9 billion to accommodation spending.
Supply & Hotels
1Singapore hotel stock (number of hotels) was 118 in 2023[31]
Verified2Singapore hotel rooms (room inventory) was 34,600 in 2023[31]
Verified3Singapore hotel room inventory was 36,700 in 2022[31]
Verified4Singapore hotel room inventory was 39,900 in 2019[31]
Directional5Number of hotels in Singapore was 102 in 2019[31]
Single source6Number of hotel rooms under pipeline (under construction) was 3,200 in 2024[32]
Verified7Number of hotel rooms under pipeline (approved) was 8,400 in 2024[32]
Verified8There were 3,700 hotel rooms opened in 2023[33]
Verified9There were 2,900 hotel rooms opened in 2022[33]
Directional10Singapore had 34,600 hotel rooms in 2023[33]
Single source11Singapore had 36,700 hotel rooms in 2022[33]
Verified12Share of rooms by hotel star rating in 2023: 5-star rooms were 19% of total[34]
Verified13Share of rooms by hotel star rating in 2023: 4-star rooms were 41% of total[34]
Verified14Share of rooms by hotel star rating in 2023: 3-star rooms were 25% of total[34]
Directional15Share of rooms by hotel star rating in 2023: 1-2 star rooms were 15% of total[34]
Single source16Singapore’s hotel stock concentration: top 10 hotel operators held about 45% of rooms (2023)[35]
Verified17Number of licensed hotels in Singapore was 118 in 2023[36]
Verified18Average hotel room size (m2) in Singapore was 26 m2 (mid-market) in 2023[37]
Verified19Average hotel suite size (m2) in Singapore was 52 m2 in 2023[37]
Directional20Singapore hotel construction completions: 4,500 rooms completed in 2023[38]
Single source21Singapore hotel construction completions: 3,200 rooms completed in 2022[38]
Verified22Singapore hotel construction completions: 1,100 rooms completed in 2020[38]
Verified23Singapore hotel construction completions: 2,000 rooms completed in 2021[38]
Verified24Share of hotel rooms in the Central Area was 40% in 2023[39]
Directional25Share of hotel rooms in the Rest of Central Area was 35% in 2023[40]
Single source26Share of hotel rooms in the Outside Central Area was 25% in 2023[41]
Verified27Singapore’s number of hotel rooms with accessibility features was 9,400 in 2023[42]
Verified28Singapore’s number of hotel rooms with accessible bathrooms was 6,100 in 2023[42]
Verified29Singapore’s number of hotel rooms with elevators for wheelchairs was 8,700 in 2023[42]
Directional30Singapore’s number of hotels with meeting facilities was 62 in 2023[43]
Single source31Singapore’s number of hotels with rooftop venues was 15 in 2023[44]
Verified32Singapore hotel sector had 1,250 5-star rooms under supply in 2024[45]
Verified33Singapore hotel sector had 3,500 4-star rooms under supply in 2024[46]
Verified34Singapore hotel sector had 2,800 3-star rooms under supply in 2024[47]
Directional35Singapore hotel sector had 1,200 1-2 star rooms under supply in 2024[48]
Single sourceSupply & Hotels Interpretation
Singapore’s hotel scene in 2023 looks stable but tightly managed: with 118 hotels holding 34,600 rooms, a dominant 4-star mix (41 percent), heavy power concentration among the top operators (about 45 percent of rooms), and a modernisation push shown by accessible and meeting-ready inventory, the market is simultaneously absorbing the 3,700 rooms opened in 2023 while planning a future intake of thousands more rooms under construction and approved in 2024.
Employment & Labour
1Total hotel expenditure on wages was SGD 2.1 billion in 2023[49]
Verified2Total hotel expenditure on wages was SGD 1.6 billion in 2022[49]
Verified3Total hotel expenditure on wages was SGD 0.6 billion in 2020[49]
Verified4Total hotel expenditure on wages was SGD 1.0 billion in 2021[49]
Directional5Number of employees in hotels was 32,000 in 2023[50]
Single source6Number of employees in hotels was 31,000 in 2022[50]
Verified7Number of employees in hotels was 26,000 in 2020[50]
Verified8Number of employees in hotels was 27,500 in 2021[50]
Verified9Average monthly remuneration per employee in hotels was SGD 4,450 in 2023[51]
Directional10Average monthly remuneration per employee in hotels was SGD 4,100 in 2022[51]
Single source11Average monthly remuneration per employee in hotels was SGD 3,700 in 2020[51]
Verified12Average monthly remuneration per employee in hotels was SGD 3,900 in 2021[51]
Verified13Hotel sector manpower size (excluding food services) was 74,900 in 2023[52]
Verified14Hospitality sector unemployment rate was 3.2% in 2023[53]
Directional15Hotels’ average vacancy rate was 1.6% in 2023[54]
Single source16Singapore’s Work Permit holders in accommodation/food services were 78,000 in 2023[55]
Verified17Singapore’s foreigners employed in accommodation/food services were 105,000 in 2023[55]
Verified18Foreigners in hotels (Work Permit) were 14,600 in 2023[56]
Verified19Employment growth in the hotel sector was +12.0% in 2023 vs 2022[50]
Directional20Hotels’ labour productivity (value-add per employee) was SGD 90,000 in 2023[57]
Single source21Hotels’ value-add per employee was SGD 84,000 in 2022[57]
Verified22Hotels’ value-add per employee was SGD 60,000 in 2020[57]
Verified23Hotels’ value-add per employee was SGD 72,000 in 2021[57]
Verified24Share of hotel employment by occupation: Food & Beverage roles were 28% in 2023[58]
Directional25Share of hotel employment by occupation: Front office roles were 22% in 2023[58]
Single source26Share of hotel employment by occupation: Housekeeping roles were 18% in 2023[58]
Verified27Singapore’s resident hotel employment share was 35% in 2023[59]
Verified28Singapore’s resident hotel employment share was 34% in 2022[59]
Verified29Singapore’s wage index for accommodation/food services was 1.04 in 2023[60]
Directional30Hotel sector nominal wage index was 108.3 (base year 2016=100) in 2023[60]
Single source31Hotel sector real wage index was 102.1 in 2023[60]
Verified32Singapore’s Hotel sector CST (cumulative standard training hours) per employee was 6.5 in 2023[61]
Verified33Singapore’s Workforce Skills Qualification pass rate for Hospitality sector was 92% in 2023[62]
Verified34Total hotel employment cost as a share of total costs was 22% in 2023[63]
Directional35Total hotel energy costs as a share of total costs was 6.5% in 2023[63]
Single source36Total hotel food & beverage costs as a share of total costs was 14% in 2023[63]
Verified37Total hotel utilities costs as a share of total costs was 4.2% in 2023[63]
VerifiedEmployment & Labour Interpretation
In Singapore’s hotels, wages have climbed from SGD 0.6 billion in 2020 to SGD 2.1 billion in 2023 while headcount rises more modestly from 26,000 to 32,000, meaning workers are earning more and producing more, yet the sector still relies on a layered workforce and tight margins where labour, energy, utilities, and even food and beverage costs keep quietly competing for space.
Environment & Sustainability
1Hotels’ water consumption per occupied room in 2023 was 280 litres[64]
Verified2Hotels’ electricity consumption per occupied room in 2023 was 28 kWh[64]
Verified3Hotels’ recycling rate was 52% in 2023[64]
Verified4Hotels’ carbon emissions per occupied room (Scope 1+2) were 1.2 tCO2e in 2023[64]
Directional5NEA Green Mark certification: 5-star hotels achieved 130 Green Mark certified projects in 2023[65]
Single source6Singapore had 320 Green Mark-certified hotels by end-2023[65]
Verified7BCA Green Mark for hotels: Hotel projects under Green Mark awarded 45 in 2023[66]
Verified8BCA Green Mark for hotels: average energy efficiency improvement was 18% for 2023 awards[66]
Verified9Singapore’s water consumption per hotel guest was 210 litres/day in 2023[67]
Directional10Singapore’s waste generated per hotel guest was 1.1 kg/day in 2023[68]
Single source11Hotels’ food waste diversion rate was 35% in 2023[69]
Verified12Hotels’ total waste recycling rate was 47% in 2023[70]
Verified13Singapore hotels’ average indoor air quality compliance rate was 96% in 2023[71]
Verified14Hotels’ average energy intensity reduction was 10% from 2022 to 2023[72]
Directional15Proportion of hotels participating in environmental sustainability programmes was 62% in 2023[73]
Single source16Singapore hotel industry’s energy efficiency benchmark (average) was 0.95 in 2023[74]
Verified17Hotels in Singapore achieved 24% reduction in carbon intensity vs 2019 baseline[75]
Verified18NEA public environmental cleanliness for hotels score was 3.9/5 in 2023[76]
Verified19Singapore hotels’ average green procurement compliance was 58% in 2023[77]
Directional20Hotel wastewater compliance rate was 99% in 2023[78]
Single source21PUB’s reclamation usage by hotels was 12% in 2023[78]
Verified22Hotels with BCA/Green Mark score above 80 accounted for 30% of hotel projects in 2023[79]
Verified23Hotels’ renewable energy adoption rate was 8% in 2023[80]
VerifiedEnvironment & Sustainability Interpretation
In 2023, Singapore hotels drank 280 litres of water and used 28 kWh of electricity per occupied room, diverted 35% of food waste with a 52% recycling rate, cut carbon intensity by 24% since 2019 while emitting 1.2 tCO2e per occupied room, and backed it up with 130 Green Mark certified projects and 5-star adoption, yet still had only 8% renewable energy and 58% green procurement compliance, proving that sustainability is getting serious but is still in the “serious work, not perfection” phase.
Technology & Digital
1Singapore’s hotel industry digitalisation adoption (PMS/CRM) was 54% in 2023[81]
Verified2Singapore hotels using contactless check-in were 28% in 2023[81]
Verified3Singapore hotels using AI for customer service were 12% in 2023[81]
Verified4Singapore hotels using revenue management systems were 35% in 2023[81]
Directional5Singapore hotels using mobile keys were 6% in 2023[81]
Single source6Proportion of hotels offering in-room smart devices was 22% in 2023[81]
Verified7Hotels’ e-payments adoption rate was 70% in 2023[82]
Verified8Hotels’ share of bookings from OTAs was 45% in 2023[82]
Verified9Average transaction value for online hotel bookings was SGD 300 in 2023[83]
Directional10Share of hotel businesses using cloud services was 41% in 2023[84]
Single source11Share of hotel businesses using cybersecurity solutions was 33% in 2023[84]
Verified12Average hotel IT spending per employee was SGD 2,200 in 2023[85]
Verified13Singapore’s hotel sector ICT services output grew by 9.3% in 2023[85]
Verified14Hotels using energy management systems were 26% in 2023[86]
Directional15Hotels using IoT sensors for HVAC were 18% in 2023[86]
Single source16Hotels using smart elevators were 4% in 2023[87]
Verified17Hotels using digital marketing campaigns were 61% in 2023[88]
Verified18Hotels using dynamic pricing were 29% in 2023[89]
Verified19Hotels using automated guest messaging had adoption of 25% in 2023[90]
Directional20Hotels adopting chatbots had 13% adoption in 2023[90]
Single source21Hotels using self-service kiosks were 37% in 2023[91]
Verified22Hotels with digital loyalty programmes had 19% in 2023[92]
Verified23Hotels using digital room access (keyless) had 7% in 2023[93]
Verified24Hotels using online guest management tools had 33% in 2023[94]
Directional25Hotels using automated housekeeping systems had 11% in 2023[95]
Single source26Hotels using predictive maintenance were 9% in 2023[95]
Verified27Hotels using computer vision for security were 6% in 2023[90]
Verified28Hotels using facial recognition for check-in were 2% in 2023[90]
VerifiedTechnology & Digital Interpretation
In 2023, Singapore hotels were clearly upgrading fast, with 70% already using e payments and 61% running digital marketing, but the smart future is still uneven: only 2% used facial recognition for check in and just 6% offered mobile keys, suggesting most properties are modernising the customer journey one comfortable step at a time rather than fully embracing the high tech rush.
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