Singapore’s Marina Bay Sands Earmark USD1 Billion for Reinvestment Plans
Press Room > 2022
Press Room > 2022
The key goal of the programme is, to raise the hospitality experience in the luxury travel segment, whilst offering new luxury lifestyle amenities for high-value travellers, which is predicted to lead in the recovery of tourism worldwide.
The USD one billion reinvestment programme has already commenced at Marina Bay Sands, and in a news release by the property, it states that the reinvestment reaffirms Las Vegas Sands’ confidence in Singapore, and its ongoing commitment to the country’s tourism industry.
It involves extensive upgrading of all rooms and suites in Towers 1 and 2 of the hotel. Renovations will be completed in phases over this year and 2023.
Marina Bay Sands will introduce signature experiences across the 55th floor of all three hotel towers, including a revamped executive club lounge, premium fine dining, and health and wellness offerings.
The reinvestment plans and project programme is the biggest since the integrated resort’s opening in 2010; in addition to the multibillion-dollar expansion announced in April 2019 that included: a state-of-the-art entertainment arena; an ultra-luxury hotel tower; and new modern MICE spaces.
Announcement of the reinvestment project comes as Marina Bay Sands enters its second decade of operations following its 10th anniversary in 2020.
Since opening in 2010 at a development cost of USD5.6 billion, Marina Bay Sands has provided, significant benefits to Singapore’s tourism sector, with over 380 million visitors to the property, and has helped to attract more than 1,000 new MICE events into the country.