- increases in supply (+2.2 percent) and demand (+2.1 percent);
- flat occupancy performance at 80.8 percent;
- a 2.8-percent decrease in average daily rate to SGD282.73; and
- a 2.8-percent decrease in revenue per available room to SGD228.38.
Occupancy levels in Singapore went unchanged even with IMDEX Asia 2015 hosted at the Changi Exhibition Centre.
STR Global will release May 2015 results in two weeks. The June edition of the STR Global Hotel Market Forecast is now available.