STR Global’s preliminary March data for Singapore indicates declines in the three key performance indicators.
Based on daily data from March, Singapore reported:
- an increase in supply (+3.7 percent) and a decrease in demand (-1.5 percent);
- a 2.3-percent decrease in occupancy to 83.7 percent;
- a 4.7-percent decrease in average daily rate to SGD289.64; and
- a 6.9-percent decrease in revenue per available room to SGD242.30.
STR Global will release March 2015 results in one week. The April edition of the STR Global Hotel Market Forecast is now available.
About STR Global:
STR Global provides clients —including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.
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