Too many new hotels on Orchard Road? Oversupply not a concern as S’pore recovers, say experts, hoteliers

Too many new hotels on Orchard Road? Oversupply not a concern as S’pore recovers, say experts, hoteliers

The Straits Times - Singapore·2023-11-30 18:04

SINGAPORE - New and buzzy brand-name hotels are sprouting like mushrooms on Orchard Road, in a sign of a strong tourism recovery say hoteliers, experts and business associations.

But despite recent slowing visitor arrival numbers to the Republic, they believe the increase in supply of hotels and hotel rooms will be met with a proportionate increase in demand from travellers in the future.

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Singapore Orchard Hotel