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STR Global releases preliminary November 2015 data for Singapore

December 18, 2015 Hotel Trends No Comments Email Email

STR Global’s preliminary November data for Singapore indicates decreases in several key performance metrics.http://eventscrm.ttgasia.com/ttg2016/itcmchina/buyer/itcmbuyer.asp?code=GlobalTravelMedia

Based on daily data from November, Singapore reported:

  • a 0.7% decrease in occupancy to 82.6%;
  • a 3.1% decrease in average daily rate to SGD285.52;
  • a 3.7% decrease in revenue per available room to SGD235.73; and
  • increases in supply (+2.6%) and demand (+1.9%).

With a strong absolute occupancy level for the month, STR Global analysts attribute Singapore’s decline in ADR to a decrease in international arrivals.  Per a report from the Singapore Tourism Board, international visitor arrivals from January to September 2015 reached approximately 11.4 million, but that number was still down 0.3% compared to the same time period from 2014. Indonesia, which is one of the largest feeder markets to Singapore, was shown to have an 11.0% decrease compared to the first nine months of 2014.

STR Global will release November 2015 results later this month. The November edition of the STR Global Hotel Market Forecast is now available.

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