Midscale hotels drive Singapore's 2026 supply growth

Hotel supply is expected to grow by 2.9% this year.

Singapore's hotel sector remained resilient in Q1 2026, with investment activity strengthening and new supply increasingly concentrated in the midscale segment, according to JLL.

The consultancy noted the opening of the 502-key Handwritten Collection Waterloo during the quarter, while hotel supply is forecast to expand by 2.9% in 2026. Upcoming projects include the 334-key DoubleTree by Hilton Singapore Robertson Quay and the 808-key Movenpick Singapore on Hoe Chiang Road.

JLL said operators have adopted more flexible revenue management strategies to navigate shorter booking windows and softer demand in price-sensitive segments, helping RevPAR continue to grow across hotel categories.

Investment activity also picked up, with three hotel transactions totalling SGD188 million completed during Q1, representing a 23% quarter-on-quarter increase in transaction volume.

Looking ahead, JLL expects Singapore's position as a leading business and MICE destination, supported by strong connectivity through Changi Airport, to continue driving international arrivals and tourism spending despite ongoing global uncertainty.