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Singapore hotels get a 'Crazy Rich Asians' boost

The success of the glitzy film that showcased the city's iconic landmarks, and several high-profile events, saw average occupancy rates and revenues rise in 2018

Published Wed, Dec 19, 2018 · 09:50 PM
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Singapore

AFTER Singapore's residential and office markets made comebacks this year, the next property sector to bet on might just be its hotels.

The hotel industry is heading into 2019 in good shape after boosts to visitor arrivals from the Trump-Kim summit in June and the success of romantic comedy Crazy Rich Asians.

Average occupancy rates touched 87 per cent this year, the highest in a decade, property firm Cushman & Wakefield said.

Singapore's hospitality sector is in a "sweet spot", according to Vijay Natarajan, an analyst at RHB Research Institute Singapore. His top …

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