Beyond Singapore, the research house has also highlighted strong potential for RevPAR growth in mainland China, especially among luxury hotels, due to moderating hotel room supply, supportive government legislation and infrastructure developments which it deems as “massive”.
SINGAPORE (June 18): OCBC Investment Research is positive on Singapore’s hospitality sector as it sees a demand-supply situation ripe for revenue per available room (RevPAR) growth.
The research house expects hotel RevPARs in the city state to accelerate from its pace seen in 1Q18, with hotel room supply only expected to increase 2.5% this year, and 0.8% and 0.6% in 2019 and 2020, respectively.
