Singapore to Welcome The Standard and Aloft Brands
Skift Take
- Occupancy rates at hotels in Macau rose by 25.4 percentage points in January year over year, reaching 74%.
- The Standard Hotel is expected to open in the fourth quarter of 2023 near Orchard Road in Singapore, across from Shangri-La Singapore along Orange Grove Road.
- Hiap Hoe has entered into a franchise agreement with Luxury Hotels International of Hong Kong to operate two hotels at 16 AH Hood Road and 1 Jalan Rajah and rebrand them as Aloft Singapore Novena.
Occupancy rates at hotels in Macau rose by 25.4 percentage points in January year over year, reaching 74%. The dropping of entry requirements and the Chinese New Year holiday resulted in 3 star hotels seeing the highest occupancy rate at 79%, up 26.8 percentage points from January 2022. The 4 star hotel occupancy rate was 70.1%, up 11.7 points and 5 star was 73.9%, up 25.4 points. Room rates were up a whopping 41.8% to MOP1,180 (US$146). The MGTO expects February hotel occupancy to be even higher with rates the first two weeks at 75.5%.
The Standard Hotel is expected to open in the fourth quarter of 2023 near Orchard Road in Singapore, across from Shangri-La Singapore along Orange Grove Road. The five star hotel will have 143 rooms, a lobby bar, infinity pool as well as a pool bar. Singaporeans should expect a local twist with the hotel to reflect the country’s nature as a Garden City.
Hiap Hoe has entered into a franchise agreement with&nb
