HOTELS & TOURISM | Staff Reporter, Singapore

Chart of the Day: Check out the expected supply of hotel rooms in the next two years

Over 1,400 hotel rooms are in the 2019 pipeline.

The hotel industry is bound to open more rooms in the next two years.

According to RHB, there are 3,767 hotel rooms in the pipeline this year, with 45.5% of the rooms in the upscale and luxury segment.

Next year, the industry will open only 69 rooms so far, all of which are in the economy segment.

Meanwhile, 1,462 hotel rooms, half of which are in the economy segment, are expected to open in 2019.

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