Singapore’s Hotel Industry in 2024: A Global Hub of Luxury, Business, and Sustainability and What’s Ahead for 2025
Singapore’s hotel industry flourished in 2024, buoyed by a rebound in international travel, a thriving MICE (Meetings, Incentives, Conferences, and Exhibitions) sector, and its reputation for world-class hospitality. Iconic luxury hotels in Marina Bay and Orchard Road reported high occupancy rates, while boutique properties and eco-friendly accommodations gained traction. With investments in sustainability, cutting-edge technologies, and cultural tourism, Singapore’s hospitality sector is poised for continued growth in 2025 and beyond.