Market Report Singapore

Singapore Hotels Report Positive Performance for April 2014

Singapore hotel industry reports a slight decrease (0.3%) in occupancy to 81.2 percent

STR Global STR Global’s preliminary April data for Singapore indicate positive revenue-per-available-room performance. 

Based on daily data from April, Singapore reported:

  • increases in supply (+3.7 percent) and demand (+3.4 percent);
  • a 0.3-percent decrease in occupancy to 81.2 percent;
  • a 2.9-percent increase in average daily rate to SGD301.82; and
  • a 2.6-percent increase in RevPAR to SGD244.99.
“Singapore still posted occupancy levels above 80% in April for the third month in a row, although the city-state slightly declined in this measure”, said Elizabeth Winkle, managing director of STR Global. “ADR, however, continued to grow, posting the highest levels of any April since 1995, and was solely driving positive RevPAR performance for the month”.

STR Global will release April 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast will be available by the end of this month.


About STR Global:

STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com. 



Logos, product and company names mentioned are the property of their respective owners.

comments powered by Disqus