New project at MBS to bank on bigger suites, premium offerings in bid to stand out from competition

“VERY SUCCESSFUL” REFURBISHMENT

Efforts to woo high-end travellers to MBS are already underway, with a US$1.75 billion multi-year transformation.

When first announced in 2022, the plan was to usher in “a new era of luxury hospitality”. Apart from introducing new premium dining and retail offerings, it made the bold move to cut nearly a third of its hotel rooms, to make way for high-end suites.

MBS now has 1,850 rooms in total, down from 2,561 previously. The number of suites has gone up from 180 to 775.

New offerings include the lavish Paiza Collection suites located on high floors and paired with private, dedicated VIP arrival lifts, as well as 24-hour butler services. Prices for these suites range from S$2,300 to S$35,000 a night, based on a search on MBS’ website.

The biggest suites, which span 600 sq m with three to four bedrooms, are reserved on a by-invite-only basis for the hotel’s highest tier of guests.

Currently, it would seem MBS’ bet on luxury has paid off.

In 2024, adjusted property earnings before interest, taxes, depreciation and amortisation exceeded US$2 billion for the first time.

Net revenue also touched a new high of US$4.2 billion, according to its annual report which described 2024 as a year of “exceptional” financial performance despite disruptions caused by renovations of hotel rooms and gaming spaces.

Hotel occupancy for the year stood at around 95 per cent.