Market Report Singapore

Singapore Hotel Industry Reports Record Occupancy for January 2016

Singapore’s demand growth doubled from December, driving occupancy to its highest absolute level - 82.2percent - for any January on record in the market.

STR Global’s preliminary January 2016 data for Singapore’s hotel market indicates significant occupancy levels. 

Based on daily data from January, Singapore reported:

  • increases in supply (+2.5%) and demand (+7.7%);
  • a 5.1% increase in occupancy to 82.2%;
  • a 3.8% decrease in average daily rate to SGD282.68; and
  • a 1.0% increase in revenue per available room to SGD232.27.

Singapore’s demand growth doubled from December, driving occupancy to its highest absolute level for any January on record in the market.

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, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.



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