Articles tagged Market Report Singapore

Hotels in Singapore reported positive hotel performance in June, according to preliminary STR data. Occupancy rose 5.5% to 83.1%, ADR increased 1.7% to 262.60 Singapore dollars ($193.53) and RevPAR rose 7.2% to SG$218.23 ($160.83). continue reading →

Hotels in Singapore saw occupancy increase 1.6% to 82.4% in April, according to STR preliminary monthly data. ADR increased 2.2% to 272.26 Singapore dollars ($204.25) and RevPAR rose 3.8% to SG$224.42 ($168.37). continue reading →

Singapore reported hotel occupancy rose 0.4% to 86% in February, according to preliminary STR monthly data. ADR increased 4.7% to 286.56 Singapore dollars ($218.63) and RevPAR rose 5.2% to SG$246.52 ($188.08). continue reading →

Hotels in Singapore reported mixed year-over-year results in December, according to preliminary data from STR. Occupancy grew 0.3% to 76%, while ADR dropped 2.1% to 275.02 Singapore dollars ($206.76) and RevPAR decreased 1.8% to 209.01 Singapore dollars ($157.13). continue reading →

Singapore's hotel market reported mixed performance during October 2017, according to preliminary data from STR. While occupancy rose 1.6% to 80%, ADR declined 2.2% to 270.66 Singapore dollars ($198.90) and RevPAR fell 0.6% to SG$216.59 ($159.16). continue reading →

Singapore's hotels reported mixed results in August 2017, according to STR's preliminary data for the month. While occupancy rose 1.7% to 85.9%, ADR fell 3.3% to 272.96 Singapore dollars ($202.56) and RevPAR decreased 1.7% to SG$234.52 ($174.04). continue reading →

STR preliminary data shows Singapore hotels reported mixed performance in June. Occupancy rose 4.1% to 78.9%, ADR declined 2.5% to 258.03 Singapore dollars ($187.07) and RevPAR increased 1.5% to SG$203.62 ($147.60). continue reading →

ADR in Singapore has decreased year over year for 14th consecutive months, due in part to significant supply growth. continue reading →

As with previous months, STR analysts believe that the more than 2,000 rooms added to the market since the beginning of 2016 once again placed pressure on hotelier pricing power. With many of the rooms added to the Upper Midscale class, the market comprises more rooms available at lower prices. Additionally, a lack of citywide events equaled less opportunity to push rate. continue reading →

STR analysts note that the market continues to struggle from significant supply growth and weak demand performance. The country’s 3.5% increase in supply for 2016 was the highest for a total year since 2011. continue reading →