STR Global’s preliminary December data for
Singapore indicates flat or negative performance for the three key
performance measures.
Based on STR Global daily data from
December, preliminary data for Singapore shows:
• increases in
supply (+5.0%) and demand (+3.0%);
• a -1.9%
decrease in occupancy to 79.0%;
• a 0.0% growth in
average daily rate to Sin$298.56;
and • a -2.0-percent decline in revenue
per available room to Sin$235.75.
“Singapore is
closing a year with ups and downs in terms of hotel performance
posting negative growth in RevPAR in December,” said Elizabeth
Winkle, managing director of STR Global. “While ADR remains flat
compared to last year, occupancy fell to the lowest level since
2009, impacted by the additional supply coming into this market.”
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Preliminary December 2013 Data for Singapore Hotels Shows Flat or Negative ...
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