SUBSCRIBERS

Economy hotels likely to be worst hit in 2016: HVS poll

This is on the back of significant increase in supply and intensifying competition

Kalpana Rashiwala

Published Wed, Mar 16, 2016 · 09:50 PM

Singapore

A PROJECTED decline in Singapore hotel market performance this year is expected to be most pronounced for hotels in the economy segment, due to the significant increase in supply and intensifying competition - shows a survey of Singapore hotel industry professionals conducted by hotel advisory group HVS.

Total revenue for hotels in the economy segment …