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This page includes selected operating measures and outlook results. The complete report is separate. The 2026 purchase link is not yet available. Browse available report products in the shop or enquire about this edition.

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Edition facts

Read the sample in context.

These figures describe the survey cohort and the report calendar. They are separate from government hotel statistics shown elsewhere in Market Intelligence.

Participating hotels
86 2025
Daily available rooms
approx. 33,687 2025
Comparison cohort
2024 revised within this edition
Location groups
6Orchard · CBD · Marina · Riverside · Sentosa · Others

Public sample

The operating picture

Occupancy improved while room rates and profitability softened in the all-hotels comparison. Use the tables to read the exact displayed values.

The 2024 comparison was retrospectively adjusted within this edition and should not be read as a same-hotel trend.

The report-defined rate categories are not necessarily equivalent to government hotel tiers.

Preview 01 · Trading metrics

Occupancy, room rate and revenue per available room

Compare 2024 and 2025 across all hotels and the report-defined rate categories.

  • 2024
  • 2025

Bars compare Occupancy for 2024 and 2025. Exact values are shown beside each bar. Use the Table view for a row-by-row comparison.

All hotels
202477.3%
202578.9%
Midscale / Economy
202479.0%
202581.3%
Upscale
202478.9%
202581.3%
Upper Upscale
202479.2%
202579.0%
Luxury
202473.3%
202573.6%

All hotels is the reference total. Reported rate categories are shown as supplied and are not recombined into new segments. Based on 86 hotels participating in the Horwath HTL Survey of Operations. These figures are collected by Horwath HTL from participating hotels, not by a government statistical agency.

Figures are rounded for display. RevPAR is calculated from unrounded occupancy and average room rate, so multiplying the rounded figures shown can differ slightly.

Preview 02 · Profitability

Hotel operating profit margin

Gross operating profit (GOP) as a share of total revenue, with the change shown in percentage points.

  • 2024
  • 2025

Bars compare GOP margin for 2024 and 2025. Exact values and percentage-point changes are shown beside each row.

All hotels
202438.6%
202536.7%
-1.9 pp

Percentage-point change is calculated from the displayed margins. It is not a percentage growth rate.

Preview 03 · Respondent outlook

What operators expect for 2026

Forecast respondent shares for the selected operating measure. These are not predicted percentage growth rates.

Bars show the share of respondents selecting each direction for Occupancy in 2026. Exact shares are shown beside each bar and in the table below.

Increase59.3%
Stay the same16.3%
Decrease24.4%
Occupancy respondent outlook
ResponseShare of respondents
Increase59.3%
Stay the same16.3%
Decrease24.4%

Survey respondents describe their expected direction. The shares do not represent a forecast of hotel market growth.

Public preview extracts from Singapore Hotel Industry: Survey of Operations, Horwath HTL, 2026. Values are collected by Horwath HTL from hotels participating in its Survey of Operations, not by a government statistical agency.

Full contents

What the full edition covers

Sections marked “Full edition only” are not included on this page. Follow the full-edition link for access details.

Revenue & profitability

Revenue, departmental profit and operating-cost sections.

  • Summary of ResultsIn this free previewHeadline hotel operating results by all hotels and report-defined rate category.
  • Departmental revenue and expensesFull edition onlyDepartmental revenue and expenses, including profit ratios.
  • Departmental ExpensesFull edition onlyDepartment-level cost detail and per-room measures.
  • Undistributed ExpensesFull edition onlyAdministrative, sales, systems, utilities and property maintenance expenses.

Staffing & productivity

Labour and productivity sections.

Guests & distribution

Business mix, reservation, sales and nationality sections.

Rooms, F&B & spa

Rooms supply and performance, food and beverage, and spa sections.

Sustainability & outlook

Energy, water and waste, HCMI and forecast sections.

  • Energy, water and wasteFull edition onlyEnergy, water and waste statistics.
  • Carbon footprint (HCMI)Full edition onlyHotel carbon measurement and impact statistics.
  • ForecastIn this free previewFull forecast contents cover 2026 and 2027. This public preview includes selected 2026 respondent shares only.

Introduction & methodology

Report overview, introductions, definitions and publisher information.

Notes and method

How to interpret this edition

  • The edition covers 86 participating hotels for 2025 and 84 for 2024. These are report-level participating-hotel totals, not line-item respondent counts.
  • The 2024 comparison was retrospectively adjusted within this edition and should not be read as a same-hotel trend.
  • ADR and RevPAR include service charges.
  • Figures are rounded for display. RevPAR is calculated from unrounded occupancy and average room rate, so multiplying the rounded figures shown can differ slightly.
  • Totals vary by line item because the number of respondents differs. No combined rate-category and location filters are available.
  • The report-defined rate categories are not necessarily equivalent to government hotel tiers.
  • Forecast values show the share of respondents reporting an increase, decrease or no change. They do not predict the magnitude of growth.

Full edition

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The 2026 purchase link is not yet available. Browse available report products in the shop or enquire about this edition.