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STR Global Releases Preliminary May 2015 Data For Singapore

June 16, 2015 Statistics & Trends No Comments Print Print Email Email

STR Global’s preliminary May data for Singapore indicates declines in two of the three key performance metrics.http://industryclub.com.au/Based on daily data from May, Singapore reported:

  • 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.

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