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
• 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.”
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