Expected changes in hotel room rates in Singapore amidst COVID-19 2020

Expectation of hoteliers regarding changes to average room rates due to the COVID-19 outbreak in Singapore as of March 2020

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Release date

March 2020

Region

Singapore

Survey time period

March 2020

Number of respondents

66 respondents

Special properties

among hoteliers in Singapore

Supplementary notes

Original question: Considering the influence of the COVID-19 outbreak, for your hotel, what is your expectation for percentage growth/decline for full-year 2020 (FY2020) vs full-year 2019 (FY2019)? [Average Room Rate]

Respondents accounted for a total of 23,924 rooms across 6 different classification of hotels. They accounted for 40% of Singapore's total gazetted supply.

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