Hotel RevPAR surpasses pre-pandemic levels in 2023, despite lower occupancy levels, even with the addition of ‘Champions Way Residences’
The Singapore hospitality industry has remained largely stable in 2023, as we travel beyond the pandemic’s impacts. Demand from travel has boomed, sending revenue per available room (RevPAR) well above pre-pandemic levels. Twelve new hotels were opened this year, bringing in a total of 2,189 new rooms into the market. According to Singapore Tourism Board […]