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STR Global releases preliminary April 2014 data for Singapore

May 14, 2014 Statistics & Trends No Comments Email Email

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.

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