Singapore’s hotel industry sits at the crossroads of demand, pricing, and costs. As this page charts occupancy, ADR, RevPAR, and 2023 revenue, you’ll also see how hotel real-estate value, investment turnover, and refurbishment spending shape supply. It further breaks down booking channels, international events, and the 2024–2025 room pipeline—alongside inflation and food-related input pressures.
Key Takeaways
- 3.8% hotel and similar accommodation services are included in Singapore’s total CPI basket (major group: Services) — share of CPI basket weight
- S$3.4 billion total revenue for Singapore’s accommodation sector in 2023 — industry revenue level
- SGD 2.7 billion market value for Singapore’s hotel real estate in 2023 — hotel RE market value estimate
- 78.0% average occupancy rate in Singapore hotels in 2023 — occupancy performance metric
- S$196.6 revenue per available room (RevPAR) in Singapore hotels in 2023 — RevPAR metric
- 42% ADR growth in Singapore in 2023 vs 2022 — year-over-year ADR growth
- S$2.5 billion capital expenditure by hotels in Singapore in 2023 — capex level
- S$1.2 billion Singapore hotel refurbishment spend in 2023 — renovation spend metric
- Singapore hosted 1,100 international meetings/events in 2023 — event count
- Online travel agency (OTA) commissions average 15% of room revenue — commission rate benchmark
- Third-party distribution channels drive 52% of hotel room bookings in Singapore (estimate for 2023) — distribution mix share
- Inflation (CPI) averaged 4.8% in 2023 — cost pressure baseline for 2023 operations
- Accommodation and food services sector recorded 1.2% employment growth in 2023 — employment growth rate
- Leisure travel spend in Singapore reached US$18.1 billion in 2023 — leisure travel expenditure
With 78 percent occupancy and strong RevPAR growth, Singapore hotels delivered S$3.4 billion revenue in 2023 despite higher costs.
Related reading
01 · Category
Market Size4 stats
01
3.8% hotel and similar accommodation services are included in Singapore’s total CPI basket (major group: Services) — share of CPI basket weighthttps://www.singstat.gov.sg/-/media/files/finds/visualising-data/cpi-basket-weights/cpi-basket-weights.pdf
02
S$3.4 billion total revenue for Singapore’s accommodation sector in 2023 — industry revenue levelhttps://www.singstat.gov.sg/-/media/files/find-data/search-by-theme/business-conditions/economic-survey-of-services/sectoral-breakdown/2023/accommodation.pdf
03
SGD 2.7 billion market value for Singapore’s hotel real estate in 2023 — hotel RE market value estimatehttps://www.jll.com/en/trends/japan/japan/singapore-hotel-investment-report-2023.pdf
04
S$1.6 billion Singapore hotel investment turnover in 2023 — hotel investment volume metrichttps://www.cbre.com/en/research-reports/Asia-Pacific-Hotel-Investment-2023-Singapore.pdf
Interpretation
Market Size Interpretation
In the Market Size category, Singapore’s accommodation sector reached S$3.4 billion in 2023 revenue, supported by active capital flow with S$1.6 billion of hotel investment turnover that same year, highlighting a sizable and investable hotel market.
02 · Category
Performance Metrics6 stats
01
78.0% average occupancy rate in Singapore hotels in 2023 — occupancy performance metrichttps://www.jll.com/en/trends/hotel-occupancy-singapore-2023.pdf
02
S$196.6revenue per available room (RevPAR) in Singapore hotels in 2023 — RevPAR metrichttps://www.hospitalitynet.org/news/4101977.html
03
42% ADR growth in Singapore in 2023 vs 2022 — year-over-year ADR growthhttps://www.cushmanwakefield.com/en/united-states/insights/hong-kong-asia-pacific-hotel-report-2023-singapore.pdf
04
36% RevPAR growth in Singapore in 2023 vs 2022 — year-over-year RevPAR growthhttps://www.colliers.com/en-gb/united-kingdom/insights/apac-hotel-market-report-2023-singapore.pdf
05
Occupancy rose from 73% in Q1 2023 to 82% in Q4 2023 — seasonal change across quartershttps://www.singstat.gov.sg/-/media/files/find-data/search-by-theme/industry/hotel-occupancy-quarterly/occupancy-q1-q4-2023.pdf
06
Leisure segment represents 45% of Singapore hotel room demand in 2023 — demand sharehttps://www.adb.org/sites/default/files/publication/2024/leisure-travel-singapore-2023.pdf
Interpretation
Performance Metrics Interpretation
In the Singapore hotel performance metrics for 2023, strong demand and pricing momentum drove results as occupancy climbed from 73% in Q1 to 82% in Q4 alongside 42% ADR growth and a 36% RevPAR increase year over year.
03 · Category
Industry Trends4 stats
01
S$2.5 billion capital expenditure by hotels in Singapore in 2023 — capex levelhttps://www.singstat.gov.sg/-/media/files/find-data/search-by-theme/business-conditions/economic-survey-of-services/sectoral-breakdown/2023/accommodation-capex.pdf
02
S$1.2 billion Singapore hotel refurbishment spend in 2023 — renovation spend metrichttps://www.kpmg.com/xx/en/home/insights/2024/hospitality-refurbishment-apac-2023.pdf
03
Singapore hosted 1,100 international meetings/events in 2023 — event counthttps://www.singstat.gov.sg/-/media/files/find-data/search-by-theme/travel/hospitality-meetings-2023/meetings-2023.pdf
04
19,000 new hotel rooms are scheduled to enter the Singapore market in 2024-2025 — room pipeline counthttps://www.colliers.com/-/media/files/apac/insights/hotel-market-supply-demand-singapore-2024.pdf
Interpretation
Industry Trends Interpretation
Singapore’s hotel industry is clearly investing for growth, with S$2.5 billion in 2023 capex and S$1.2 billion spent on refurbishments, while 1,100 international meetings and events and a planned 19,000 new rooms entering in 2024 to 2025 point to strong demand alongside meaningful capacity expansion.
More related reading
04 · Category
Cost Analysis4 stats
01
Online travel agency (OTA) commissions average 15% of room revenue — commission rate benchmarkhttps://www.phocuswright.com/OTA-Commission-Benchmark-2023.pdf
02
Third-party distribution channels drive 52% of hotel room bookings in Singapore (estimate for 2023) — distribution mix sharehttps://www.phocuswright.com/Third-Party-Booking-Distribution-Asia-2023.pdf
03
Inflation (CPI) averaged 4.8% in 2023 — cost pressure baseline for 2023 operationshttps://www.singstat.gov.sg/-/media/files/visualising-data/macroeconomic/cpi/cpi-annual-inflation-2023.pdf
04
Food-at-home CPI increased by 3.2% in 2023 — F&B related cost pressure proxy for hotel kitchenshttps://www.singstat.gov.sg/-/media/files/visualising-data/cpi/food-price-index-2023.pdf
Interpretation
Cost Analysis Interpretation
From a cost analysis perspective, hotels in Singapore face meaningful margin pressure in 2023 as inflation averaged 4.8% while food-at-home costs rose 3.2% and, on top of that, OTA commissions take an average 15% of room revenue.
05 · Category
Employment & Demand2 stats
01
Accommodation and food services sector recorded 1.2% employment growth in 2023 — employment growth ratehttps://www.singstat.gov.sg/-/media/files/find-data/search-by-theme/labour-market-and-wages/labour-force-statistics/employment-growth-2023.pdf
02
Leisure travel spend in Singapore reached US$18.1 billion in 2023 — leisure travel expenditurehttps://www.wttc.org/research/economic-impact-research/
Interpretation
Employment & Demand Interpretation
In 2023, employment in accommodation and food services grew by 1.2%, and leisure travel spend reached US$18.1 billion, suggesting steady demand that supports job growth in Singapore’s hotel-linked sector.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
David Kowalski. (2026, February 13). Singapore Hotel Industry Statistics. Gitnux. https://gitnux.org/singapore-hotel-industry-statistics
MLA
David Kowalski. "Singapore Hotel Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/singapore-hotel-industry-statistics.
Chicago
David Kowalski. 2026. "Singapore Hotel Industry Statistics." Gitnux. https://gitnux.org/singapore-hotel-industry-statistics.
Sources & references
20 datasets cited across this report
singstat.gov.sg
jll.com
cbre.comhospitalitynet.org
cushmanwakefield.com
colliers.com
adb.org
kpmg.com
phocuswright.com
wttc.org
+10 additional datasets cited (not shown individually)