Hotels expect higher demand in second half of 2024, with major events and big-name concerts lined up
RISING DEMAND FOR HOTEL ROOMS
Demand for rooms at boutique hotel 21 Carpenter, nestled in an early 20th century remittance house on Carpenter Street, has increased since April. During this summer holiday season, business went up by about 10 per cent.
The hotel is among new accommodations near the Clarke Quay area. Most of its guests come from the United States, Australia, the United Kingdom and Hong Kong.
“April was slightly soft for most of us in the market. We were driving on a high that we had in March, (when Singapore) had Taylor Swift (to perform for six) nights, which was amazing for our city. In April, there was a real softener that hit us,” said Mr Tarun Kalra, general manager of 21 Carpenter.
“In general, the sentiment in the market has been a bit more positive. And we do see the booking pace to be on track to compare to last year, and even better looking at the future.”
Mr Tarun expects the demand to go up by 30 per cent in the next three to six months, as major events attract more visitors into the country.
“Even though a lot of the MICE (meetings, incentives, conventions and exhibitions) events go to Suntec or Marina Bay Sands, or they’re held in Sentosa, I think there’s always a spillover effect that comes into the other hotels around the city,” he added.
“Because regular guests that normally would stay at another hotel are now looking for something different, and we could be that perfect spot for them to enjoy a different location or a different vibe. And that’s where we fit into the bigger picture.”
