Asia-Pacific Hotel Pipeline Hits a Record High

Singapore’s October visitor arrivals registered 1.31 million, up 16.7% year on year. From September it was a rise of 3.1%. The October overnight visitor count was down -58.4% year on year to 367,800, which also brought down the average stay length by -15.5% to an average of 3 days. China was the top feeder market in October at 234,530, followed by Indonesia and Malaysia with 183,710 and 103,430, respectively. The China arrivals were up 91% year on year. For the first 10 months of 2024, arrivals totaled 13.90 million, up 23.3% year on year and at 87.6% of the 2019 total. China was the top source for the first 10 months and is at 87.1% of the 2019 pace at 2.71 million arrivals through October.

Hotel construction in the Asia-Pacific region, excluding China, reached an all-time high in the third quarter of 2024, per the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics. By the end of Q3, the total number of hotel projects in the pipeline stood at 2,0