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Singapore Hotel Gift Cards Market

Singapore Hotel Gift Cards Market By Product Type (Universal Accepted Open Loop, Hotel Closed Loop); By Price Range (Low (0-1000 US$), Medium (1000-3000 US$)); By Sales Channel (Online, Offline); By End-User (Business, Individuals); By Application (Holiday Packages, Bar & Spa Services, Sports Activities, Travel & Transportation, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Singapore Hotel Gift Cards Market Size 2023	USD 115.36 million
Singapore Hotel Gift Cards Market, CAGR	12.1%
Singapore Hotel Gift Cards Market Size 2032	USD 324.27 million

Market Overview

Singapore Hotel Gift Cards market size was valued at USD 115.36 million in 2023 and is anticipated to reach USD 324.27 million by 2032, at a CAGR of 12.1% during the forecast period (2023-2032).

The growth of the Singapore Hotel Gift Cards market is primarily driven by the increasing popularity of experiential gifting and the rise in tourism. Consumers are increasingly opting for flexible gift options, with hotel gift cards offering a convenient and personalized way to gift travel experiences. The digital transformation within the hospitality industry also plays a crucial role, making it easier for customers to purchase and redeem gift cards online. Additionally, the growing adoption of mobile payment solutions and the expansion of digital platforms have further fueled demand. As the hospitality sector continues to recover and expand, hotel gift cards are becoming an attractive option for both domestic and international travelers. Moreover, the trend towards sustainable travel and unique local experiences enhances the appeal of hotel gift cards, positioning them as a preferred choice for gifting in the evolving travel and tourism market.

The Singapore Hotel Gift Cards market is shaped by key players from both local and international hotel chains, as well as third-party platforms. Prominent hotel brands such as Capella Singapore, Fairmont, Pullman, and Marriott International offer tailored gift cards that cater to both luxury and mid-range consumers, providing a range of experiences from accommodation to dining and spa services. Third-party platforms like Gifting Owl and Giftano play a crucial role in expanding the market by offering gift cards that can be redeemed at multiple hotel chains, making them more accessible to a broader audience. Additionally, global players like Amazon.com contribute to the distribution of hotel gift cards through their extensive e-commerce platforms. This competitive landscape, characterized by a mix of established hotel chains and third-party services, is driving innovation and expanding the availability of gift cards across various segments of the Singapore market.

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Market Insights

The Singapore Hotel Gift Cards market was valued at USD 115.36 million in 2023 and is expected to reach USD 324.27 million by 2032, growing at a CAGR of 12.1% from 2023 to 2032.
Increasing demand for flexible and personalized travel experiences is a major market driver.
Digital and mobile hotel gift cards are gaining popularity due to their convenience and ease of use.
The integration of hotel gift cards with loyalty programs is boosting consumer retention.
Competitive pressure from third-party platforms like Gifting Owl and Giftano is enhancing market accessibility.
Limited awareness of hotel gift cards and competition from general gift cards are key market restraints.
Central Singapore and Jurong lead in market share, with growth opportunities in other regions driven by local tourism and infrastructure development.

Market Drivers

Growth in Tourism and Hospitality Sector

Singapore has long been a popular destination for both leisure and business travelers, and its tourism sector continues to thrive. The resurgence of international tourism post-pandemic has played a pivotal role in driving demand for hotel gift cards. For example, Singapore’s tourism board has noted a significant increase in visitor numbers, with major events contributing to high hotel occupancy rates. As the travel and hospitality industries experience robust growth, consumers are increasingly looking for convenient ways to book their stays and make travel plans. Hotel gift cards cater to this demand by providing a flexible and user-friendly payment solution for accommodation. Additionally, the Singapore government’s efforts to boost tourism, including the implementation of attractive travel promotions, have led to a heightened interest in hotels and related services, further supporting the market for gift cards.

Increasing Popularity of Experiential Gifting

The rise of experiential gifting is a major driver of the Singapore Hotel Gift Cards market. Consumers are moving away from material items and increasingly opting for experiences, especially travel and leisure activities. Hotel gift cards offer a unique way to gift experiences, allowing recipients the freedom to choose when and how to use them. This shift in consumer behavior, fueled by the desire for memorable, personal gifts, directly benefits the hotel gift card market. As people place greater value on creating lasting memories through experiences rather than owning physical goods, hotel gift cards become an attractive option for those seeking to provide meaningful and flexible gifts.

Adoption of Digital Payment Solutions

The shift towards digital payments and the growing use of e-commerce platforms are significant drivers for the Singapore Hotel Gift Cards market. With the rise of mobile payment solutions and online banking, consumers are increasingly seeking digital products, such as gift cards, that can be conveniently purchased and redeemed through mobile apps or websites. For instance, the integration of digital platforms has made it easier for customers to buy, send, and redeem gift cards, contributing to the growth of this market. As consumers become more accustomed to digital solutions, they are more likely to choose electronic gift cards for their convenience, security, and accessibility, further expanding the market potential for hotel gift cards in Singapore.

Demand for Personalized and Flexible Gifting Options

Consumers are increasingly seeking personalized and flexible gifting options that offer greater choice and convenience. Hotel gift cards are highly appealing because they allow recipients to choose their preferred hotel, room type, and travel dates, providing them with an experience tailored to their preferences. This flexibility is a key factor in the growing popularity of hotel gift cards as they cater to the diverse needs and expectations of today’s consumers. Furthermore, many hotel chains offer additional perks with their gift cards, such as discounts on services, spa treatments, and dining experiences, enhancing the value proposition. The personalized nature of hotel gift cards, combined with their flexibility, makes them an attractive option for both corporate gifting and personal occasions. As consumers continue to value choice and individuality, the demand for hotel gift cards is expected to rise steadily in Singapore.

Market Trends

Rise of Digital and Mobile Hotel Gift Cards

One of the prominent trends in the Singapore Hotel Gift Cards market is the increasing shift towards digital and mobile gift cards. With the rise of e-commerce and digital payment platforms, consumers are increasingly opting for electronic gift cards that can be purchased and redeemed easily online. This trend is driven by the convenience and speed of digital transactions, as well as the growing preference for cashless payments. For instance, digital gift card platforms like Gyft allow consumers to buy, send, and manage gift cards from various retailers through mobile apps, highlighting the ease and accessibility of digital gift cards. Digital hotel gift cards not only provide a hassle-free gifting experience but also offer flexibility in terms of use, as recipients can redeem them through mobile apps or websites. As mobile payment solutions such as Apple Pay, Google Pay, and local e-wallets continue to gain traction, the demand for digital hotel gift cards is expected to increase in the coming years.

Integration of Loyalty Programs with Hotel Gift Cards

Another key trend in the Singapore Hotel Gift Cards market is the integration of loyalty programs with hotel gift cards. Many hotels are now offering reward points or loyalty benefits to customers who purchase or redeem gift cards. This trend is a strategic move by hotels to attract repeat customers and incentivize more frequent bookings. By tying hotel gift cards to loyalty programs, customers are encouraged to return to the same brand or hotel for future stays. This not only enhances the value of the gift card but also strengthens customer loyalty. As more hotels adopt loyalty-linked gift cards, this trend is likely to become a significant factor driving growth in the market.

Corporate Gifting and Incentives

Corporate gifting is another emerging trend in the Singapore Hotel Gift Cards market. Businesses are increasingly choosing hotel gift cards as part of their employee recognition and incentive programs. These gift cards are seen as a more personalized and desirable alternative to traditional gift items. Hotel gift cards offer employees and clients the opportunity to enjoy a premium experience, whether it’s a weekend getaway or a business trip. As companies in Singapore continue to invest in employee well-being and seek ways to build strong client relationships, hotel gift cards are becoming an attractive corporate gifting option. This trend is expected to contribute significantly to the overall market growth in the coming years.

Focus on Sustainable and Eco-Friendly Travel Options

As sustainability becomes a priority for travelers, the trend of offering eco-friendly and sustainable hotel options is making its way into the hotel gift card market. Many hotels in Singapore are adopting green practices such as energy-efficient technologies, waste reduction, and sustainable sourcing of materials. For example, Singapore’s government initiatives promoting sustainability, such as the Green Plan 2030, have increased consumer awareness about eco-friendly practices. Consumers who are conscious of their environmental footprint are increasingly seeking out hotels that align with their values, and this trend is reflected in the hotel gift card market. Hotels that emphasize their sustainability efforts are likely to appeal to eco-conscious customers, who may prefer purchasing or receiving gift cards for environmentally responsible accommodations. This trend is expected to shape the future direction of the market as more hotels incorporate sustainability into their offerings.

Market Challenges Analysis

Limited Awareness and Adoption

A significant challenge in the Singapore Hotel Gift Cards market is the limited awareness and adoption among consumers. While digital gift cards have gained popularity globally, many customers are still unfamiliar with their availability or the benefits they offer. Some consumers may not fully understand how hotel gift cards work, including how to redeem them or the range of hotels they can be used at. Additionally, despite the growing trend of experiential gifting, traditional gift options such as cash or physical items still dominate in many consumer segments. Hotels and businesses need to invest in educating customers about the convenience and flexibility of hotel gift cards to drive broader adoption. Without sufficient consumer awareness, the growth potential of the market could be limited.

Competition from Other Gift Card Options

Another challenge faced by the Singapore Hotel Gift Cards market is the intense competition from other gift card options, such as retail and lifestyle gift cards. With a wide array of choices available to consumers, hotel gift cards must compete with various alternatives that may offer broader applications. For example, government initiatives promoting digital payments and e-commerce have led to an increase in the use of general-purpose gift cards, which can be used across multiple platforms. While hotel gift cards are appealing to those seeking travel-related experiences, they may not always offer the same level of versatility as general-purpose gift cards, which can be used for multiple products and services. Additionally, the rise of digital platforms offering hotel bookings through online travel agencies (OTAs) further intensifies the competition. To stand out in this competitive landscape, hotel gift cards need to emphasize unique value propositions, such as exclusive perks, personalized experiences, and integration with loyalty programs, to attract more customers.

Market Opportunities

The Singapore Hotel Gift Cards market presents several promising opportunities driven by the increasing demand for personalized travel experiences and the growth of the tourism sector. As the global travel industry recovers and tourism continues to thrive, hotel gift cards offer a flexible and convenient way for consumers to plan their vacations or business trips. Hotels can capitalize on this opportunity by offering gift cards that allow recipients to choose from a wide range of accommodation options, making it a desirable gift for various occasions, including holidays, birthdays, and corporate incentives. Additionally, the growing trend of experiential gifting creates an opportunity for hotels to position their gift cards as premium products that offer unique and memorable experiences.

Another key opportunity lies in the growing preference for digital solutions. As consumers increasingly rely on mobile payment platforms and e-commerce, there is an opportunity for hotels to offer digital gift cards that can be easily purchased and redeemed online. This aligns with the trend towards cashless transactions and provides a more seamless gifting experience. Furthermore, the integration of hotel gift cards with loyalty programs presents an additional growth opportunity. By offering reward points or exclusive benefits for gift card purchases and redemptions, hotels can encourage customer retention and repeat bookings. As sustainability becomes more important to travelers, hotels that emphasize eco-friendly practices can tap into the market of environmentally conscious consumers, offering them sustainable travel options through their gift card offerings. These opportunities, combined with the increasing demand for flexible and personalized travel experiences, provide a strong foundation for the continued growth of the Singapore Hotel Gift Cards market.

Market Segmentation Analysis:

By Product Type:

The Singapore Hotel Gift Cards market is primarily segmented into two key product types: Universal Accepted Open Loop and Hotel Closed Loop gift cards. Universal Accepted Open Loop cards can be used at various hotels, providing recipients with greater flexibility when selecting their accommodation. These cards are ideal for travelers who prefer a wide range of choices and the freedom to redeem them at multiple hotel chains or locations. On the other hand, Hotel Closed Loop cards are exclusive to specific hotel chains, offering consumers a more tailored experience with the brand they select. These cards often come with added perks, such as loyalty points or discounts, encouraging repeat customers. While Open Loop cards appeal to those seeking variety and flexibility, Closed Loop cards attract consumers who value brand loyalty and are familiar with the specific services a hotel chain provides. Both product types play a crucial role in expanding the market by catering to different consumer preferences.

By Price Range:

Another key segmentation of the Singapore Hotel Gift Cards market is based on price range, categorized into Low (0-1000 US$) and Medium (1000-3000 US$) segments. The Low-price range segment primarily caters to budget-conscious consumers or those seeking more affordable gifting options. These cards are often used for short stays or basic services and are ideal for casual travelers or those purchasing gift cards for family and friends. In contrast, the Medium-price range segment targets consumers who are willing to spend more for a premium experience. These cards are typically associated with higher-end hotels, offering longer stays, luxury services, or added benefits like spa treatments and fine dining. This segment appeals to affluent travelers or those looking to gift premium hotel experiences for special occasions. Both price ranges are essential for driving growth, as they ensure the market caters to a wide spectrum of consumer needs and preferences.

Segments:

Based on Product Type:

Universal Accepted Open Loop
Hotel Closed Loop

Based on Price Range:

Low (0-1000 US$)
Medium (1000-3000 US$)

Based on Sales Channel:

Online
Offline

Based on End User:

Business
Individuals

Based on Application:

Holiday Packages
Bar & Spa Services
Sports Activities
Travel & Transportation
Others

Based on the Geography:

Central Singapore
Jurong
Other Regions

Regional Analysis

Central Singapore

Central Singapore, which includes the central business district and popular tourist areas, holds the largest market share of approximately 50%. This region’s dominance can be attributed to its high concentration of luxury hotels, international chains, and a large number of tourists, both domestic and international. The significant presence of major tourist attractions, shopping centers, and business events also drives demand for hotel gift cards in this area. As the hub of business and leisure activities, Central Singapore continues to be a major driver of the hotel gift card market.

Jurong

Jurong, a prominent district in the western part of Singapore, holds around 25% of the market share for hotel gift cards. The region is a growing business and residential area, attracting both tourists and local travelers. Jurong’s development as an industrial, educational, and retail hub has increased its appeal as a destination for weekend getaways and family vacations. The rise in infrastructure projects and an increase in hotels offering various services have boosted the demand for hotel gift cards in this region. Jurong’s proximity to both business districts and leisure spots further enhances its potential in the hotel gift card market.

Other regions

Other regions, such as the East and North of Singapore, account for the remaining 25% market share. These areas, while not as prominent in terms of international tourism, have witnessed growth in domestic travel and short stays. With the development of new hotels and leisure centers, these regions are becoming more attractive for local travelers. Gift cards in these regions are increasingly popular among residents who seek affordable stays or special deals for personal getaways or gifting. As local tourism continues to grow, the potential for hotel gift cards in these areas is expected to rise steadily.

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Key Player Analysis

Gifting Owl
Giftano
Sabre Hospitality
Capella Singapore
Fairmont
Pullman
Marriot International
Hyatt
Choice Hotels International
TFE hotels
Rydges Hotels & Resorts
Hilton
com
Others

Competitive Analysis

The competitive landscape of the Singapore Hotel Gift Cards market is marked by a mix of leading hotel chains and third-party platforms offering diverse gifting solutions. Key players such as Gifting Owl, Giftano, Sabre Hospitality, Capella Singapore, Fairmont, Pullman, Marriott International, Hyatt, Choice Hotels International, TFE Hotels, Rydges Hotels & Resorts, Hilton, and Amazon.com dominate the market by providing a range of gift cards for various customer needs. These players offer flexible redemption options, including stays, dining experiences, and spa treatments, with a focus on personalization and enhancing customer loyalty. For instance, Fairmont Singapore offers digital vouchers that can be personalized with messages, allowing recipients to enjoy experiences such as dining at Michelin-starred restaurants or spa treatments. These brands often capitalize on their existing customer base, incorporating loyalty programs and personalized offers to attract repeat clients. Third-party platforms, on the other hand, differentiate themselves by offering multi-brand gift cards, giving consumers the flexibility to choose from various hotel options. This increases their appeal, particularly among consumers seeking variety and convenience. The competitive advantage for these platforms lies in their ability to cater to a broad audience, offering a one-stop solution for hotel gift card purchases across different brands. In addition, digital innovation plays a key role in the market’s competitiveness. With the rise of mobile payment solutions and e-commerce, many players are increasingly focusing on digital gift cards, which are more convenient for tech-savvy consumers. As the market continues to grow, staying ahead with personalized experiences, integrated loyalty systems, and seamless digital platforms will be crucial for maintaining a competitive edge.

Recent Developments

In November 2024, Four Seasons Silicon Valley highlighted their gift cards as a way to give unforgettable experiences, such as exceptional stays, wellness treatments, and dining.
In October 2024, Four Seasons Hotels and Resorts promoted their gift cards as a versatile gift option, redeemable at any Four Seasons location.
In September 2024, the Marriott Bonvoy HDFC Bank Credit Card offered a limited-time INR 1,500 gift voucher for new cardholders on their first spend and enrollment.
In March 2024, Hyatt implemented hotel category adjustments that impact the number of points required for free night redemptions.

Market Concentration & Characteristics

The Singapore Hotel Gift Cards market is characterized by moderate concentration, with several key players dominating the space, including both well-established hotel chains and third-party platforms. While major hotel brands focus on offering gift cards that cater to their loyal customer base, third-party platforms provide a broader selection of gift cards that can be redeemed at various hotels, appealing to a wider audience. The market is also influenced by the growing trend of experiential gifting, with consumers seeking more personalized and flexible gifting options. As digital transformation continues to shape the market, the focus on mobile-friendly and digital gift cards has become a key characteristic of the industry. Additionally, the integration of loyalty programs with hotel gift cards helps foster customer retention and increases the value proposition for consumers. Overall, the market remains competitive, with players continually innovating to offer more convenient, customized, and versatile solutions to meet evolving consumer preferences.

Report Coverage

The research report offers an in-depth analysis based on Product Type, Price Range, Sales Channel, End User, Application and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The Singapore Hotel Gift Cards market is expected to grow significantly, driven by increasing demand for flexible, personalized travel experiences.
Digital and mobile-based hotel gift cards will dominate the market as consumers shift toward cashless and online transactions.
Integration with loyalty programs will become more prevalent, enhancing customer retention and increasing the value of gift cards.
The market will see an increase in the popularity of multi-brand gift cards, providing consumers with more flexibility and choice.
Hotels will focus on offering premium and exclusive experiences through gift cards, targeting affluent consumers.
Third-party platforms will play a larger role by providing a broader selection of hotel gift cards across various brands.
Consumer awareness of hotel gift cards will improve, leading to greater adoption across different demographics.
Hotels will invest in digital marketing strategies to promote gift cards and increase visibility among consumers.
The rise of experiential gifting will continue to influence the demand for hotel gift cards, appealing to those seeking unique experiences.
Sustainability and eco-conscious offerings will emerge as key factors in shaping the future of hotel gift cards, catering to environmentally aware consumers.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Hotel Gift Cards Market Snapshot 21

2.1.1. Singapore Hotel Gift Cards Market, 2018 – 2032 (USD Million) 22

2.1. Insights from Primary Respondents 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : HOTEL GIFT CARDS MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Driving Factor 1 Analysis 25

4.2.2. Driving Factor 2 Analysis 26

4.3. Market Restraints 27

4.3.1. Restraining Factor Analysis 27

4.4. Market Opportunities 28

4.4.1. Market Opportunity Analysis 28

4.5. Porter’s Five Force analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 31

5.1. Company Market Share Analysis – 2023 31

5.1.1. Singapore Hotel Gift Cards Market: Company Market Share, by Revenue, 2023 31

5.1.2. Singapore Hotel Gift Cards Market: Top 6 Company Market Share, by Revenue, 2023 31

5.1.3. Singapore Hotel Gift Cards Market: Top 3 Company Market Share, by Revenue, 2023 32

5.2. Singapore Hotel Gift Cards Market Company Revenue Market Share, 2023 33

5.3. Company Assessment Metrics, 2023 34

5.3.1. Stars 34

5.3.2. Emerging Leaders 34

5.3.3. Pervasive Players 34

5.3.4. Participants 34

5.4. Start-ups /Individuals Assessment Metrics, 2023 34

5.4.1. Progressive Companies 34

5.4.2. Responsive Companies 34

5.4.3. Dynamic Companies 34

5.4.4. Starting Blocks 34

5.5. Strategic Developments 35

5.5.1. Acquisitions & Mergers 35

New Price Range Launch 35

Regional Expansion 35

5.6. Key Players Price Range Matrix 36

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 37

6.1. PESTEL 37

6.1.1. Political Factors 37

6.1.2. Economic Factors 37

6.1.3. Social Factors 37

6.1.4. Technological Factors 37

6.1.5. Environmental Factors 37

6.1.6. Legal Factors 37

6.2. Adjacent Market Analysis 37

CHAPTER NO. 7 : HOTEL GIFT CARDS MARKET – BY PRODUCT TYPE SEGMENT ANALYSIS 38

7.1. Hotel Gift Cards Market Overview, by Product Type Segment 38

7.1.1. Hotel Gift Cards Market Revenue Share, By Product Type, 2023 & 2032 39

7.1.2. Hotel Gift Cards Market Attractiveness Analysis, By Product Type 40

7.1.3. Incremental Revenue Growth Opportunity, by Product Type, 2024 – 2032 40

7.1.4. Hotel Gift Cards Market Revenue, By Product Type, 2018, 2023, 2027 & 2032 41

7.2. Universal Accepted Open Loop 42

7.3. Hotel Closed Loop 43

CHAPTER NO. 8 : HOTEL GIFT CARDS MARKET – BY PRICE RANGE SEGMENT ANALYSIS 44

8.1. Hotel Gift Cards Market Overview, by Price Range Segment 44

8.1.1. Hotel Gift Cards Market Revenue Share, By Price Range, 2023 & 2032 45

8.1.2. Hotel Gift Cards Market Attractiveness Analysis, By Price Range 46

8.1.3. Incremental Revenue Growth Opportunity, by Price Range, 2024 – 2032 46

8.1.4. Hotel Gift Cards Market Revenue, By Price Range, 2018, 2023, 2027 & 2032 47

8.2. Low (0-1000 US$) 48

8.3. Medium (1000-3000 US$) 49

CHAPTER NO. 9 : HOTEL GIFT CARDS MARKET – BY SALES CHANNEL SEGMENT ANALYSIS 50

9.1. Hotel Gift Cards Market Overview, by Sales Channel Segment 50

9.1.1. Hotel Gift Cards Market Revenue Share, By Sales Channel, 2023 & 2032 51

9.1.2. Hotel Gift Cards Market Attractiveness Analysis, By Sales Channel 52

9.1.3. Incremental Revenue Growth Opportunity, by Sales Channel, 2024 – 2032 52

9.1.4. Hotel Gift Cards Market Revenue, By Sales Channel, 2018, 2023, 2027 & 2032 53

9.2. Online 54

9.3. Offline 55

CHAPTER NO. 10 : HOTEL GIFT CARDS MARKET – BY END USER SEGMENT ANALYSIS 56

10.1. Hotel Gift Cards Market Overview, by End User Segment 56

10.1.1. Hotel Gift Cards Market Revenue Share, By End User, 2023 & 2032 57

10.1.2. Hotel Gift Cards Market Attractiveness Analysis, By End User 58

10.1.3. Incremental Revenue Growth Opportunity, by End User, 2024 – 2032 58

10.1.4. Hotel Gift Cards Market Revenue, By End User, 2018, 2023, 2027 & 2032 59

10.2. Business 60

10.3. Individuals 61

CHAPTER NO. 11 : HOTEL GIFT CARDS MARKET – BY APPLICATION SEGMENT ANALYSIS 62

11.1. Hotel Gift Cards Market Overview, by Application Segment 62

11.1.1. Hotel Gift Cards Market Revenue Share, By Application, 2023 & 2032 63

11.1.2. Hotel Gift Cards Market Attractiveness Analysis, By Application 64

11.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 64

11.1.4. Hotel Gift Cards Market Revenue, By Application, 2018, 2023, 2027 & 2032 65

11.2. Holiday Packages 66

11.3. Bar & Spa Services 67

11.4. Sports Activities 68

11.5. Travel & Transportation 69

11.6. Others 70

CHAPTER NO. 12 : HOTEL GIFT CARDS MARKET – SINGAPORE 71

12.1. Singapore 71

12.1.1. Key Highlights 71

12.2. Product Type 72

12.3. Singapore Hotel Gift Cards Market Revenue, By Product Type, 2018 – 2023 (USD Million) 72

12.4. Singapore Hotel Gift Cards Market Revenue, By Product Type, 2024 – 2032 (USD Million) 72

12.5. Price Range 73

12.6. Singapore Hotel Gift Cards Market Revenue, By Price Range, 2018 – 2023 (USD Million) 73

12.6.1. Singapore Hotel Gift Cards Market Revenue, By Price Range, 2024 – 2032 (USD Million) 73

12.7. Sales Channel 74

12.8. Singapore Hotel Gift Cards Market Revenue, By Sales Channel, 2018 – 2023 (USD Million) 74

12.8.1. Singapore Hotel Gift Cards Market Revenue, By Sales Channel, 2024 – 2032 (USD Million) 74

12.9. End User 75

12.9.1. Singapore Hotel Gift Cards Market Revenue, By End User, 2018 – 2023 (USD Million) 75

12.9.2. Singapore Hotel Gift Cards Market Revenue, By End User, 2024 – 2032 (USD Million) 75

12.10. Application 76

12.10.1. Singapore Hotel Gift Cards Market Revenue, By Application, 2018 – 2023 (USD Million) 76

12.10.2. Singapore Hotel Gift Cards Market Revenue, By Application, 2024 – 2032 (USD Million) 76

CHAPTER NO. 13 : COMPANY PROFILES 77

13.1. Gifting Owl 77

13.1.1. Company Overview 77

13.1.2. Price Range Portfolio 77

13.1.3. Swot Analysis 77

13.1.4. Business Strategy 78

13.1.5. Financial Overview 78

13.2. Giftano 79

13.3. Sabre Hospitality 79

13.4. Capella Singapore 79

13.5. Fairmont 79

13.6. Pullman 79

13.7. Marriot International 79

13.8. Hyatt 79

13.9. Choice Hotels International 79

13.10. TFE hotels 79

13.11. Rydges Hotels & Resorts 79

13.12. Hilton 79

13.13. Amazon.com 79

13.14. Company 13 79

13.15. Company 14 79

13.16. Company 15 79

13.17. Others 79

List of Figures

FIG NO. 1. Singapore Hotel Gift Cards Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for Singapore Hotel Gift Cards Market 29

FIG NO. 3. Company Share Analysis, 2023 31

FIG NO. 4. Company Share Analysis, 2023 31

FIG NO. 5. Company Share Analysis, 2023 32

FIG NO. 6. Hotel Gift Cards Market – Company Revenue Market Share, 2023 33

FIG NO. 7. Hotel Gift Cards Market Revenue Share, By Product Type, 2023 & 2032 39

FIG NO. 8. Market Attractiveness Analysis, By Product Type 40

FIG NO. 9. Incremental Revenue Growth Opportunity by Product Type, 2024 – 2032 40

FIG NO. 10. Hotel Gift Cards Market Revenue, By Product Type, 2018, 2023, 2027 & 2032 41

FIG NO. 11. Singapore Hotel Gift Cards Market for Universal Accepted Open Loop, Revenue (USD Million) 2018 – 2032 42

FIG NO. 12. Singapore Hotel Gift Cards Market for Hotel Closed Loop, Revenue (USD Million) 2018 – 2032 43

FIG NO. 13. Hotel Gift Cards Market Revenue Share, By Price Range, 2023 & 2032 45

FIG NO. 14. Market Attractiveness Analysis, By Price Range 46

FIG NO. 15. Incremental Revenue Growth Opportunity by Price Range, 2024 – 2032 46

FIG NO. 16. Hotel Gift Cards Market Revenue, By Price Range, 2018, 2023, 2027 & 2032 47

FIG NO. 17. Singapore Hotel Gift Cards Market for Low (0-1000 US$), Revenue (USD Million) 2018 – 2032 48

FIG NO. 18. Singapore Hotel Gift Cards Market for Medium (1000-3000 US$), Revenue (USD Million) 2018 – 2032 49

FIG NO. 19. Hotel Gift Cards Market Revenue Share, By Sales Channel, 2023 & 2032 51

FIG NO. 20. Market Attractiveness Analysis, By Sales Channel 52

FIG NO. 21. Incremental Revenue Growth Opportunity by Sales Channel, 2024 – 2032 52

FIG NO. 22. Hotel Gift Cards Market Revenue, By Sales Channel, 2018, 2023, 2027 & 2032 53

FIG NO. 23. Singapore Hotel Gift Cards Market for Online, Revenue (USD Million) 2018 – 2032 54

FIG NO. 24. Singapore Hotel Gift Cards Market for Offline, Revenue (USD Million) 2018 – 2032 55

FIG NO. 25. Hotel Gift Cards Market Revenue Share, By End User, 2023 & 2032 57

FIG NO. 26. Market Attractiveness Analysis, By End User 58

FIG NO. 27. Incremental Revenue Growth Opportunity by End User, 2024 – 2032 58

FIG NO. 28. Hotel Gift Cards Market Revenue, By End User, 2018, 2023, 2027 & 2032 59

FIG NO. 29. Singapore Hotel Gift Cards Market for Business, Revenue (USD Million) 2018 – 2032 60

FIG NO. 30. Singapore Hotel Gift Cards Market for Individuals, Revenue (USD Million) 2018 – 2032 61

FIG NO. 31. Hotel Gift Cards Market Revenue Share, By Application, 2023 & 2032 63

FIG NO. 32. Market Attractiveness Analysis, By Application 64

FIG NO. 33. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 64

FIG NO. 34. Hotel Gift Cards Market Revenue, By Application, 2018, 2023, 2027 & 2032 65

FIG NO. 35. Singapore Hotel Gift Cards Market for Holiday Packages, Revenue (USD Million) 2018 – 2032 66

FIG NO. 36. Singapore Hotel Gift Cards Market for Bar & Spa Services, Revenue (USD Million) 2018 – 2032 67

FIG NO. 37. Singapore Hotel Gift Cards Market for Sports Activities, Revenue (USD Million) 2018 – 2032 68

FIG NO. 38. Singapore Hotel Gift Cards Market for Travel & Transportation, Revenue (USD Million) 2018 – 2032 69

FIG NO. 39. Singapore Hotel Gift Cards Market for Others, Revenue (USD Million) 2018 – 2032 70

FIG NO. 40. Singapore Hotel Gift Cards Market Revenue, 2018 – 2032 (USD Million) 71

List of Tables

TABLE NO. 1. : Singapore Hotel Gift Cards Market: Snapshot 21

TABLE NO. 2. : Drivers for the Hotel Gift Cards Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Hotel Gift Cards Market: Impact Analysis 27

TABLE NO. 4. : Singapore Hotel Gift Cards Market Revenue, By Product Type, 2018 – 2023 (USD Million) 72

TABLE NO. 5. : Singapore Hotel Gift Cards Market Revenue, By Product Type, 2024 – 2032 (USD Million) 72

TABLE NO. 6. : Singapore Hotel Gift Cards Market Revenue, By Price Range, 2018 – 2023 (USD Million) 73

TABLE NO. 7. : Singapore Hotel Gift Cards Market Revenue, By Price Range, 2024 – 2032 (USD Million) 73

TABLE NO. 8. : Singapore Hotel Gift Cards Market Revenue, By Sales Channel, 2018 – 2023 (USD Million) 74

TABLE NO. 9. : Singapore Hotel Gift Cards Market Revenue, By Sales Channel, 2024 – 2032 (USD Million) 74

TABLE NO. 10. : Singapore Hotel Gift Cards Market Revenue, By End User, 2018 – 2023 (USD Million) 75

TABLE NO. 11. : Singapore Hotel Gift Cards Market Revenue, By End User, 2024 – 2032 (USD Million) 75

TABLE NO. 12. : Singapore Hotel Gift Cards Market Revenue, By Application, 2018 – 2023 (USD Million) 76

TABLE NO. 13. : Singapore Hotel Gift Cards Market Revenue, By Application, 2024 – 2032 (USD Million) 76

Frequently Asked Questions

What is the current size of the Singapore Hotel Gift Cards market?

The Singapore Hotel Gift Cards market was valued at USD 115.36 million in 2023 and is expected to reach USD 324.27 million by 2032, growing at a CAGR of 12.1% during the forecast period (2023-2032).

What factors are driving the growth of the Singapore Hotel Gift Cards market?

The market is driven by the increasing popularity of experiential gifting, rising tourism, digital transformation in the hospitality industry, growing adoption of mobile payment solutions, and the expansion of online platforms for gift card purchases and redemptions.

What are some challenges faced by the Singapore Hotel Gift Cards market?

Challenges include limited consumer awareness about hotel gift cards, competition from general-purpose and retail gift cards, the dominance of traditional gifting practices, and the need for stronger marketing efforts to increase adoption.

Who are the major players in the Singapore Hotel Gift Cards market?

Key players include Gifting Owl, Giftano, Sabre Hospitality, Capella Singapore, Fairmont, Pullman, Marriott International, Hyatt, Choice Hotels International, TFE Hotels, Rydges Hotels & Resorts, Hilton, and Amazon.com.

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