MARINA BAY SANDS CELEBRATES 13TH ANNIVERSARY WITH MULTIBILLION-DOLLAR TRANSFORMATION AND LUXURY OFFERINGS
Marina Bay Sands, the renowned integrated resort in Singapore, is celebrating its 13th anniversary with a series of exciting initiatives.
As part of the occasion, the resort has launched a remarkable US$1 billion investment program, marking a significant milestone in its ongoing transformation.
The investment program has achieved a historic feat with the completion of over 850 hotel rooms, signaling a new era of luxury hospitality at Marina Bay Sands.
Paul Town, the Chief Operating Officer of Marina Bay Sands, expressed the resort's commitment to surpassing industry standards, stating, "The massive design transformation of this iconic hotel is part of our commitment to setting new benchmarks for ourselves and for the industry. The launch of our new suite of rooms is the start of more transformations to come... We are passionate about everything that will happen in the future while continuing to transform to meet guests' evolving expectations."
The newly unveiled collection of rooms and suites, situated in Towers 1 and 2, represents the first phase of exquisitely designed luxury accommodations inspired by Singapore's multicultural environment. These meticulously crafted spaces strike a perfect balance between spaciousness and comfort, providing guests with a glimpse into the resort's remarkable transformation over the past few years, beginning in late 2021.
With the renovation of over 850 rooms already completed, nearly two-thirds of the total 1,282 rooms in Towers 1 and 2 have undergone a remarkable makeover. The focus will now shift towards enhancing the ultra-luxurious suites, with the aim of increasing the total number of suites at Marina Bay Sands in Towers 1 and 2 from the previous 137 rooms to approximately 422 rooms.
After the completion of the updates in Towers 1 and 2 by the end of 2023, attention will turn to renovating Tower 3, the Hotel Lobby, and the renowned Sands SkyPark, ensuring a comprehensive transformation across the entire property.
Marina Bay Sands is not only enhancing its physical spaces but also introducing a range of world-class experiences for its guests. This includes a revamped Executive Club lounge, premium luxury dining options, and health and wellness offerings, all aimed at providing a new milestone in ensuring the resort remains a leading destination synonymous with Asian hospitality.
The renovation efforts have been supported by strong first-quarter 2023 revenue. In the most recent period, Marina Bay Sands achieved a remarkable net revenue of US$848 million, more than doubling the revenue from the same period in 2022. The hotel revenue reached an impressive US$97 million, representing an increase of approximately 155%. The hotel occupancy rate soared to an impressive 97.6%, with an Average Daily Rate (ADR) of US$594.
The casino at Marina Bay Sands also experienced phenomenal success, contributing a record revenue of US$549 million, surpassing the previous year's revenue of US$275 million. Additionally, The Shoppes recorded revenue of US$53 million, further highlighting the resort's overall success.
Marina Bay Sands continues to redefine luxury hospitality and aims to provide guests with unparalleled experiences as it progresses in its transformation journey.#THE S MEDIA #Media Milenial #Marina Bay Sands #Singapore #Renovation #Hotel #Luxury