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STR Global releases preliminary October 2013 data for Singapore

November 13, 2013 Statistics & Trends No Comments Email Email

STR Global’s preliminary October data for Singapore indicates flat to moderate hotel performance in the key metrics of occupancy, average daily rate and revenue per available room.

Based on STR Global daily data from October, preliminary data for Singapore includes:
• increases in supply (+5.0 percent) and demand (+7.2 percent);
• a +2.1-percent increase in occupancy to 85.8 percent;
• a -0.7-percent decrease in ADR to SGD300.68; and
• a +2.8-percent rise in RevPAR to SGD258.05.

“October’s positive supply growth for Singapore is keeping pace with the trend in 2013; however, demand grew stronger for the second time this year, resulting in the highest monthly occupancy levels since 2007”, said Elizabeth Winkle, managing director of STR Global.

STR Global will release October 2013 results in two weeks. Revised 2013 forecasts will be available around the same time.

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