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Outlook of Tourism Industry in Next Eight Quarters | PAPERCUTS

Outlook of Tourism Industry in Next Eight Quarters

Debated in Parliament on 22 Nov 2023.

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He Ting Ru asked about the number of new gazetted hotels, new hotel rooms, and the impact on tourism receipts over the next eight quarters.
Gan Kim Yong projected seven new hotels in 2024 and nine in 2025, adding about 3,300 new rooms—a 4.6% increase in room stock.
The new hotels will range from economy to luxury, offering more visitor options, but the effect on tourism receipts will depend on market conditions.

Questions identified by AI (learn more)

Full Transcript

He Ting Ru

#1

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.

Gan Kim Yong

#2

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.

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The information on this site contains data taken from the Parliament website and the Hansard, and augmented with analyses from artificial intelligence agents. While great care has been taken to ensure the accuracy of these analyses, they should not be regarded as fully accurate or comprehensive. Users are advised to consult original parliamentary documents and official records for precise and authoritative information.

Summary written by AI (learn more)

He Ting Ru asked about the number of new gazetted hotels, new hotel rooms, and the impact on tourism receipts over the next eight quarters.
Gan Kim Yong projected seven new hotels in 2024 and nine in 2025, adding about 3,300 new rooms—a 4.6% increase in room stock.
The new hotels will range from economy to luxury, offering more visitor options, but the effect on tourism receipts will depend on market conditions.

Questions identified by AI (learn more)

Questions identified

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