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Singapore – Sands looks to double Marina Bay’s room total
By Φιλ - 24 Μαρτίου 2014
Las Vegas Sands wants an additional 1,500 rooms for its Marina Bay Sands in a move that would more than double its number of rooms.
With the Marina Bay Sands currently operating with 2,563 rooms it would mean a 60 per cent increase in size.
The Las Vegas operator has already communicated its desire to the Singaporean
authorities, asking for more land at its resort to build the new rooms.
Sands CEO Sheldon Adelson said: “We need more rooms. We are running at 100 per cent occupancy; on a bad day it’s 98 per cent, no other hotel in the world runs like this except some in Vegas.”
Last year, room revenue at Marina Bay Sands increased by 11 per cent to US$360.3m with occupancy rates up to 98.6 per cent and average daily room rate coming in at $396.
The UN’s World Tourism Organisation said in a recent report that global tourism increased five per cent in 2013 to 1.09bn visits, ‘well above expectations.’ The organisation predicts that global tourism will continue to increase by a further four to 4.5 per cent in 2014.
