ASIA Travel

RevPAR in Singapore Expected to Increase 3.3% During 2014

Home Search Send to Friend Latest Travel News Asia Tuesday, 10 June 2014

STR Global’s preliminary May 2014 data for hotels in Singapore indicates negative performance in the three key performance measures.

Based on daily data from May, hotels in Singapore reported:

- increases in supply (+2.6%) and demand (+1.6%);
- a 1.0% decrease in occupancy to 81.0%;
- a 0.3% decrease in ADR to Sin$291.40; and
- a 1.3% decline in RevPAR to Sin$236.01.

RevPAR in Singapore is expected to increase 3.3% during 2014.

“Occupancy for Singapore remained above 80.0% for the fourth month in a row, despite the decline in this measure, as supply grew faster than demand in May,” said Elizabeth Winkle, managing director of STR Global. “For the rest of the year, occupancy is expected to decline further, while ADR solely will drive an overall positive RevPAR performance.”

See other recent news regarding: Interviews, Pictures, Videos, STR, ADR, RevPAR, Singapore

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also receive the daily news service by WhatsApp, stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
Copyright © 1997-2020