STR: Preliminary Dec 2016 information for Singapore

STR:STR: Preliminary Dec 2016 information for Singapore

STR’s rough Dec 2016 information for Singapore indicates clever supply expansion and low occupancy levels.

Based on daily information from December, Singapore reported a following in year-over-year comparisons:

Supply: +4.1%
Demand: +2.1%
Occupancy: -2.0% to 77.2%
Average daily rate (ADR): -2.7% to SGD281.70
Revenue per accessible room (RevPAR): -4.7% to SGD217.44

This would be Singapore’s second-lowest tangible occupancy turn of a year behind Jun 2016 (76.5%), and a lowest comprehensive occupancy for a Dec given 2009 (77.1%). STR analysts note that a country’s hotels continue to onslaught with fewer vital events pushing tourism and a unchanging imbalance in supply and direct growth. Additionally, an boost in a series of bedrooms in a Upper Midscale category has altered a marketplace landscape with some-more bedrooms accessible during reduce prices. Dec noted Singapore’s 10th uninterrupted month of year-over-year ADR declines.

About STR

STR provides clients from mixed marketplace sectors with premium, tellurian information benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a participation in 16 countries with a corporate North American domicile in Hendersonville, Tennessee, and an general domicile in London, England.

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Posted by on Jan 12 2017. Filed under Asia. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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