Global Travel Media » Blog Archive » STR: Preliminary April data for Singapore hotels

Home » Hotel Trends » Currently Reading:

STR: Preliminary April data for Singapore hotels

May 16, 2018 Hotel Trends No Comments Email Email

STR’s preliminary April 2018 data for hotels in Singapore indicates performance growth. http://www.tourismthailand.org/landing/landing_en.html

Based on daily data from April, Singapore reported the following in year-over-year comparisons:

  • Supply: +5.1%
  • Demand: +6.7%
  • Occupancy: +1.6% to 82.4%
  • Average daily rate (ADR): +2.2% to SGD272.26
  • Revenue per available room (RevPAR): +3.8% to SGD224.42

A spike in demand outpaced significant supply growth, which helped boost performance for the month. STR analysts note that this would be the third consecutive month of ADR and RevPAR growth for Singapore. Additionally, this would be the first increase in ADR for an April since 2014.

STR will release full April results later this month. The May edition of STR’s Market Forecast will be available at the end of the month.

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

ADVERTISEMENTS