Home » Statistics & Trends » Currently Reading:

STR Global releases preliminary August 2013 data for Singapore

September 17, 2013 Statistics & Trends No Comments Email Email

STR Global’s preliminary August data for Singapore indicates flat hotel performance in the three key metrics of occupancy, average daily rate and revenue per available room.

Based on STR Global daily data from August, preliminary data for Singapore includes:

  • increases in supply (6.9 percent) and demand (7.8 percent);
  • a 0.9-percent increase in occupancy to 87.0 percent;
  • a 0.3-percent increase in ADR to SGD294.19; and
  • a 1.2-percent rise in RevPAR to SGD256.00.

“Singapore was impacted by a general slowdown of the Asian economies, but it also has seen a sharp increase in supply that led to stagnation in occupancy”, said Elizabeth Winkle, managing director of STR Global.

“Based on the recent slowdown in Singapore, the year-end 2013 forecast has been revised downward”, said Naureen Ahmed, manager of marketing and analysis at STR Global. “ADR will remain flat and occupancy is expected to fall, bringing RevPAR to SGD247.60”. 

STR Global will release August 2013 results in two weeks. Revised 2013 forecasts will be available in November.

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS