Chart of the Day: Hotel investment sales dropped 7.6% in 2012

Overall value was $1.45b.

According to Knight Frank, investment sales of hotel real estate remained active in 2012 with total transacted value of $1.45 billion, a decline of 7.6 per cent y-o-y.

Major transactions included Klapsons The Boutique Hotel, Hotel Grand Pacific, and Hotel Windsor.

Here's more from Knight Frank:

Singapore received 14.4 million visitors in 2012, within Singapore Tourism Board’s (STB) expected range of between 13.5 and 14.5 million.

This represents a 9 per cent growth over 2011. Visitor Arrivals stabilized and remained relatively healthy. 

Though the overall year-on-year (y-o-y) growth in 2012 is significantly lower than the 20 per cent and 13 per cent y-o-y growth observed in 2010 and 2011 respectively, Singapore looks set to achieve its target of 17 million visitor arrivals by 2015, or a 18 per cent growth from 2012. 

This also implies a compounded annual growth rate (CAGR) of 5 to 6 per cent per annum from 2013 to 2015.