Market Report Singapore

Singapore Hotel Industry Reports Continued ADR Decline for April 2017

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

STR’s preliminary April 2017 data for Singapore indicates lower occupancy levels and room rates. 

Based on daily data from April, Singapore reported the following in year-over-year comparisons:

  • Supply: +2.7%
  • Demand: +0.3%
  • Occupancy: -2.3% to 81.1%
  • Average daily rate (ADR): -4.6% to SGD268.01
  • Revenue per available room (RevPAR): -6.8% to SGD217.31

Despite the year-over-year decline, STR analysts note that the country’s absolute occupancy level remained solid. Sea Asia maritime exhibition and conference (25-27 April) pushed occupancy above 90% on the 25th and 26th. 

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

STR will release actual April 2017 results later this month. The May edition of STR’s Market Forecast also will be available in the coming weeks. 

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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