Outlook of Tourism Industry in Next Eight Quarters

9 Ms He Ting Ru asked the Minister for Trade and Industry in each of the next eight quarters (a) how many new gazetted hotels are projected to commence operations; (b) how many new hotel rooms are expected to come onstream; and (c) what is the expected impact on tourism receipts.

Mr Gan Kim Yong: Seven new hotels are expected to be completed in 2024, with another nine in 2025¹. This will add approximately 3,300 new rooms over the next two years, which is a 4.6% increase in total hotel room stock as of 15 November 2023.

The new hotels, which include a mix of economy to luxury hotels, will provide more options for visitors. The extent of increase in tourism receipts will depend on actual market conditions.