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STR Global releases preliminary July 2014 data for Singapore

August 13, 2014 Statistics & Trends No Comments Email Email

STR Global’s preliminary July data for Singapore indicate positive performance in the three key performance measures.

Based on daily data from July, Singapore reported:

* increases in supply (+1.8 percent) and demand (+4.4 percent);
* a 2.5-percent increase in occupancy to 87.4 percent;
* a 1.3-percent increase in average daily rate to SGD288.95; and
* a 3.9-percent growth in revenue per available room to SGD252.41.

“Singapore reported increases in occupancy performance, achieving levels in the excess of 80 percent for the fifth month in a row”, said Elizabeth Winkle, managing director of STR Global. “ADR grew moderately for the month, resulting in an overall positive RevPAR performance, following two months of declines in this measure”.

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

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