STR: Preliminary August data for Singapore hotels
 
STR: Preliminary August data for Singapore hotels
12 SEPTEMBER 2017 8:27 AM

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).

LONDON—STR’s preliminary August 2017 data for hotels in Singapore indicates occupancy growth with lower rates.

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

  • Supply: +1.5%
  • Demand: +3.2%
  • Occupancy: +1.7% to 85.9%
  • Average Daily Rate (ADR): -3.3% to SGD272.96
  • RevPAR (RevPAR): -1.7% to SGD234.52

Occupancy improved in comparison with a weaker August 2016, which came amid concerns of a Zika outbreak in the country. However, ADR declined for the 18th consecutive month, due primarily to economic struggles in the country, according to STR analysts.

STR will release full August 2017 results later this month.

Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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