Travel Industry News at TravelNewsAsia.com since 1997. Interviews, podcasts, videos, pictures and more

STR Reports Preliminary January 2015 Data from Hotels in Singapore

Travel News Asia Latest Travel News Podcasts Videos Thursday, 12 February 2015
 

According to STR Globals 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.

Singapore, STR, ADR, RevPAR

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2023 TravelNewsAsia.com