Singapore to Welcome The Standard and Aloft Brands

• 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%, […]