Singapore faces hotel room crunch: report

THERE is an imbalance between the forecast for tourist arrivals and the supply of hotel rooms in Singapore, Chesterton Singapore said in a report released on Monday.

“Our projections revealed that hotel occupancies will remain extremely tight, rising from 80 per cent to 91 per cent from 2014 to 2018 respectively.

“We will expect hoteliers to raise room rates given the severity of hotel room crunch situation developing here,” it said.

“As such, we strongly suggest that the government review its policy and release more hotel sites for sale under the government land sales programme sooner rather than later.”

Singapore faces hotel room crunch: report