Home » Hotel Trends » Currently Reading:

STR Global Releases Preliminary September 2015 Data For Singapore

October 21, 2015 Hotel Trends No Comments Email Email

STR Global’s preliminary September data for Singapore indicates decreases in several key performance metrics. http://www.legrandebaliuluwatu.com/
Based on daily data from September, Singapore reported:

  • a 0.1% decrease in occupancy to 80.6%;
  • a 2.4% decrease in average daily rate to SGD315.64;
  • a 2.5% decrease in revenue per available room to SGD254.47; and
  • increases in supply (+2.6%) and demand (+2.5%).

September is categorized as a traditionally strong month in Singapore, and 2015 was expected to show a similar trend with high rate events such as the Asia Pacific Petroleum Conference (8-10 September) and Singapore F1 Night Race (18-20 September). STR Global analysts note that air quality issues triggered by forest fires in Indonesia placed the Grand Prix event at risk of cancellation and might have been a factor for the overall slowed performance in the market.

STR Global will release September 2015 results during the week of 26 October. The August edition of the STR Global Hotel Market Forecast is now available.

Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global Travel media endorses the following travel publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS