In a survey of Singapore hotel operators in March 2020 found that 24 percent of hotel operators expected a decline of between 61 to 70 percent on total revenue in 2020 due to the COVID-19 pandemic. Hotel performance in Singapore was up to expectations in January. However, circumstances deteriorated significantly since the COVID-19 outbreak and the worldwide travel restrictions. In an effort to help Singapore manage the spread of infections, several hotels have set aside entire compounds for stay-home notice returnees, transferring existing guests to other hotels from the same chain.
Expected decline to total revenue among hotels in Singapore due to the COVID-19 outbreak as of March 2020
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)? [Total Revenue]"
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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Horwath HTL. (March 6, 2020). Expected decline to total revenue among hotels in Singapore due to the COVID-19 outbreak as of March 2020 [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1113817/singapore-expected-decline-in-total-revenue-hotels-during-covid-19/
Horwath HTL. "Expected decline to total revenue among hotels in Singapore due to the COVID-19 outbreak as of March 2020 ." Chart. March 6, 2020. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1113817/singapore-expected-decline-in-total-revenue-hotels-during-covid-19/
Horwath HTL. (2020). Expected decline to total revenue among hotels in Singapore due to the COVID-19 outbreak as of March 2020 . Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1113817/singapore-expected-decline-in-total-revenue-hotels-during-covid-19/
Horwath HTL. "Expected Decline to Total Revenue among Hotels in Singapore Due to The Covid-19 Outbreak as of March 2020 ." Statista, Statista Inc., 6 Mar 2020, https://www.statista.com/statistics/1113817/singapore-expected-decline-in-total-revenue-hotels-during-covid-19/
Horwath HTL, Expected decline to total revenue among hotels in Singapore due to the COVID-19 outbreak as of March 2020 Statista, https://www.statista.com/statistics/1113817/singapore-expected-decline-in-total-revenue-hotels-during-covid-19/ (last visited January 06, 2025)
Expected decline to total revenue among hotels in Singapore due to the COVID-19 outbreak as of March 2020 [Graph], Horwath HTL, March 6, 2020. [Online]. Available: https://www.statista.com/statistics/1113817/singapore-expected-decline-in-total-revenue-hotels-during-covid-19/
