Almost 4,000 new hotel rooms to flood Singapore’s hospitality market in 2015

On back of 1,773 new additions in 2014.

Hotel operators’ revenues will be compressed in 2015 with almost 4,000 new hotel rooms expected to flood the hospitality market this year.

According to JLL, approximately 3,899 rooms are expected to enter the accommodation market in 2015, comprising mostly upscale and midscale hotels.

This is on back of 1,773 new rooms that have been added to the hospitality segment in 2014.

Some of the major hotel openings include the 654-room South Beach Hotel and Club, the n500-room Jurong LAke Hotel, the 300-room Park Hotel Farrer Park and the 15-room Patina Capitol Singapore, which will be in the first PAtina Hotel in Asia. Dusit Thani and Villa Samadhi are also likely to open in 2015.

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