It covers hotel rooms and suites, new food and beverage offerings and other enhancements that aim to position the venue “for strong growth as the recovery of global tourism continues,” and highlights parent company Las Vegas Sands’ “confidence in Singapore and ongoing commitment to the country's tourism industry,” the company stated.
The reinvestment adds to the multi-billion-dollar expansion that was announced in April 2019, which includes the development of an entertainment area, a hotel tower and additional convention space, adjacent to the IR.
“We are firmly of the view that Asia will continue to lead as a primary driver of growth in travel, and Singapore will remain a top destination of choice,” said Las Vegas Sands Chairman and CEO Robert G. Goldstein.
“Our reinvestment, as well as our planned multi-billion-dollar expansion that we announced in 2019, represent a further demonstration of our long-term support for Singapore. It reaffirms our confidence in the future and our commitment to offering industry-leading luxury products and hospitality experiences to our guests.”
Las Vegas Sands’ Macao properties are also subject to reinvestment, with approximately $2.2bn invested in The Londoner Macao, Grand Suites at Four Seasons Macao and The Londoner Court.
“Marina Bay Sands' new room and suite offerings will bring luxury lifestyle experiences not seen in the market before, as we reimagine the future of luxury hospitality and travel,” said Marina Bay Sands COO Paul Town.
“We are excited to unveil them to guests from around the world in the months ahead as international travel returns following the easing of border restrictions. Singapore has been a leader in working towards the safe return of global travel through its Vaccinated Travel Lanes, and we are grateful to the Government for its calibrated approach and unwavering support for the industry.”
