Home » Hotel Trends » Currently Reading:

STR: Preliminary August data for Singapore hotels

September 15, 2017 Hotel Trends No Comments Email Email

STR’s preliminary August 2017 data for hotels in Singapore indicates occupancy growth with lower rates. http://www.lagunaphuket.com/events/event.php?event=3

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

  • Supply: +1.5%
  • Demand: +3.2%
  • Occupancy: +1.7% to 85.9%
  • Average daily rate (ADR): -3.3% to SGD272.96
  • Revenue per available room (RevPAR): -1.7% to SGD234.52

Occupancy improved in comparison with a weaker August 2016, which came amid concerns of a Zika outbreak in the country. However, ADR declined for the 18th consecutive month, due primarily to economic struggles in the country, according to STR analysts.

STR will release full August 2017 results later this 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