Singapore Hospitality Market Size & Outlook, 2025-2033
Singapore Hospitality Market Insights
- Deep Market Insights analysis indicates that the Singapore Hospitality Market size, valued at USD 30.44 Billion in 2024, is expected to expand to USD 46.86 Billion by 2033.
- The Singapore market is forecasted to expand at a CAGR of 4.97% spanning 2025–2033.
- Accommodation held the leading position among Service Type segments in 2024, based on market size.
- Travel Services is projected to post the fastest growth rate, sustaining its position as the most attractive Service Type segment during the forecast horizon.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- In 2024, Singapore accounted for 0.56% of the global Hospitality Market size.
- By 2033, United States is expected to lead the global Hospitality Market in terms of market size.
- Within Asia Pacific, China is projected to dominate the regional Hospitality Market size by 2033.
- India is identified as the fastest-growing market in Asia Pacific, anticipated to reach USD 393.75 Billion by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 30.44 Billion |
| Market Size In 2033 | USD 46.86 Billion |
| Largest segment | Accommodation |
| Units | Revenue in USD Billion |
| CAGR | 4.97% (2025-2033) |
| Segmnetation Covered | |
| Service Type |
|
| Ownership |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Singapore Hospitality Market Service Type 2025-2033 (USD Billion)
| Service Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accommodation | XX.x | XX.x | XX.x | 13.75 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Food & Beverage | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Travel Services | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Singapore Hospitality Market Ownership 2025-2033 (USD Billion)
| Ownership | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chain | XX.x | XX.x | XX.x | 19.57 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Independent | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.