Outlook of Tourism Industry in Next Eight Quarters

Ms He Ting Ru asked the Minister for Trade and Industry in each of the next eight quarters (a) how many new gazetted hotels are projected to commence operations; (b) how many new hotel rooms are expected to come onstream; and (c) what is the expected impact on tourism receipts.

Mr Gan Kim Yong: Seven new hotels are expected to be completed in 2024, with another nine in 2025 1 . This will add approximately 3,300 new rooms over the next two years, which is a 4.6% increase in total hotel room stock as of 15 November 2023.

The new hotels, which include a mix of economy to luxury hotels, will provide more options for visitors. The extent of increase in tourism receipts will depend on actual market conditions.

Note(s) to Question No(s) 9:

1 These are hotel projects that have been granted planning approvals from the Urban Redevelopment Authority as of the third quarter of 2023. The Singapore Tourism Board is unable to determine if these hotels will meet the gazetting criteria before hotels put in the application to be licensed.