Hotels in Singapore Report Increase in ADR, OR and RevPAR

According to STR Global’s preliminary December 2014 data, hotels in Singapore enjoyed a slight increase in the key performance measures of occupancy, ADR and RevPAR.

Based on daily data from December, hotels in Singapore reported:

- increases in supply (+2.4%) and demand (+2.8%);
- a 0.4% increase in occupancy to 79.0%;
- a 0.5% increase in ADR to Sin$301.33; and
- a 0.9% increase in RevPAR to Sin$237.95.

“Singapore closed the year reporting growth in all key performance measures, with ADR achieving new record levels of any December since 1995,” said Elizabeth Winkle, managing director of STR Global. “Overall, the city-state is looking back on a positive year and is expected to expand this growth in 2015.”