STR analysts note that August has been one of Singapores strongest months over the last several years, but August 2016 occupancy and ADR were each pressured by the 5.2% increase in supply. The last time supply increased by 5.0% or higher in Singapore was December 2013.
Occupancy Also Flat at 82.9 Percent
Hard Rock International continues the expansion of its Hotel brand throughout Asia-Pacific by announcing Hard Rock Hotel Desaru Coast. Following the recent announcement in Dalian, and while gearing up to open projects in Shenzhen and Haikou, China, Hard Rock Hotel Desaru Coast is slated to open fall 2017 in the southeastern region of Malaysia, in the state of Johor.
Indonesia Hotel Watch 2016 is a comprehensive report discussing trends and opportunities in twelve major hotel markets in Indonesia: Bali, Bandung, Bintan, Bogor, Jakarta, Lombok, Makassar, Medan, Palembang, Semarang, Surabaya, Yogyakarta.