• Changi Airport Group (“CAG”) handled 27.4 million passengers as at YTD May 2019, recording a y-o-y growth of 3.4%

 

  • Visitor arrival market continues to be dominated by China, Indonesia and India

 

  • Luxury segment reports largest growth in RevPAR compared with other segments

 

  • Overall marketwide RevPAR remains stagnant with no change over preceding period

 

  • Benign supply in the next two years up until 2021

 

  • Sustained robust momentum for hotel investment sales, with 1H 2019 totalling S$828.3 million

 

  • Singapore crowned as top Asia Pacific Destination the third consecutive year in Cvent’s rankings of Top Meeting Destinations in Asia Pacific 2018

 

  • Release of hotel Government Land Sale (GLS) site by Urban Redevelopment Authority (URA) at River Valley Road in December 2019