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STR Global releases preliminary December 2015 data for Singapore

January 14, 2016 Hotel Trends No Comments Email Email

STR Global’s preliminary December 2015 data for Singapore indicates occupancy levels that were helped by the holiday season.http://www.ramadaphuketdeevana.com/

Based on daily data from December, Singapore reported:

  • increases in supply (+2.6%) and demand (+4.2%);
  • a 1.6% increase in occupancy to 78.8%;
  • a 3.5% decrease in average daily rate to SGD289.79; and
  • a 2.0% decrease in revenue per available room to SGD228.36.

Singapore saw a strong pickup in demand for the month with holiday travel likely being a factor, according to STR Global analysts. The weekend prior to Christmas produced a double-digit lift in occupancy. On 25 and 26 December, occupancy reached 89.0%. On New Year’s Eve, occupancy was 96.7%, a 14.2% increase in year-over-year comparisons.

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