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STR Reports Preliminary January 2015 Data from Hotels in Singapore

Home Search Send to Friend Latest Travel News Asia Thursday, 12 February 2015
 

According to STR Global’s preliminary January 2015 data, hotels in Singapore experienced a relatively flat RevPAR performance during the month.

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

• increases in supply (+2.4 %) and demand (+2.3 %);

• a 0.1% decrease in occupancy to 79.5 %;

 • a 0.7% decrease in ADR to Sin$294.68;

and • a 0.8% decrease in RevPAR to Sin$237.95.

“Singapore had a flat negative start to the year, reporting minor drops in the three key performance measures, however coming from a high base,” said Elizabeth Winkle, managing director of STR Global. “Supply and demand both continued to grow above 2%, while the former outpaced demand for the first time in the last three months.”

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

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