STR: Preliminary February data for Singapore hotels
STR: Preliminary February data for Singapore hotels
10 MARCH 2017 8:12 AM

The Singapore hotel market reported a 0.9% occupancy increase to 85.7%, according to preliminary February 2017 performance data. ADR declined 8.1% to 274.32 Singapore dollars ($193.41) and RevPAR dropped 7.2% to SG$235.07 ($165.74).

LONDON—STR’s preliminary February 2017 data for Singapore indicates slight occupancy growth and significantly lower rates.

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

  • Supply: +4.0%
  • Demand: +4.9%
  • Occupancy: +0.9% to 85.7%
  • Average daily rate (ADR): -8.1% to SGD274.32
  • Revenue per available room (RevPAR): -7.2% to SGD235.07

As with previous months, STR analysts believe that the more than 2,000 rooms added to the market since the beginning of 2016 once again placed pressure on hotelier pricing power. With many of the rooms added to the Upper Midscale class, the market comprises more rooms available at lower prices. Additionally, a lack of citywide events equaled less opportunity to push rate.

STR will release actual February 2017 results later this month. The February edition of STR’s Market Forecast is now available.

International Media Contacts:

Alex Anstett
Media & Communications Coordinator
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.