Mid-tier hotels set to account for 34% of new supply this year

Singapore hotels find success in being average.

According to a report from Reuters, Singapore's hotels, which were once known for their opulence, are now entering a new era. Mid-tier hotels are set to account for the highest proportion of new supply at 34%, research from brokerage DBS shows.

More so, the report noted that millennials flying in for business in Singapore's growing Fintech space are more interested in good wifi and how much fun they can have in the hotel's common areas than elegant furnishings.

Read the full report from Reuters by clicking on this link.

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