April 2014 RevPAR Growth for Hotels in Singapore and Sydney

STR Global’s preliminary April 2014 data for Singapore indicates positive RevPAR performance.

Based on daily data from April 2014, Singapore reported:

- increases in supply (+3.7%) and demand (+3.4%);
- a 0.3% decrease in occupancy to 81.2%;
- a 2.9% increase in ADR to SGD301.82; and
- a 2.6% increase in RevPAR to Sin$244.99.

“Singapore still posted occupancy levels above 80% in April for the third month in a row, although the city-state slightly declined in this measure,” said Elizabeth Winkle, managing director of STR Global. “ADR, however, continued to grow, posting the highest levels of any April since 1995, and was solely driving positive RevPAR performance for the month.”

Preliminary daily April 2014 data from hotels in Sydney also indicates a positive trend:

- increases in supply (2.0%) and demand (2.4%);
- a 0.4% increase in occupancy to 81.9%;
- a 3.3% growth in ADR to A$191.24; and
- a 3.6% increase in RevPAR to A$156.68.

“Increasing demand for Sydney continued to outperform a slowing supply growth, leading to occupancy levels in excess of 80% for the third month in a row,” said Elizabeth Winkle. “This in turn pushed rate to new heights of any April for almost 20 years, when STR Global began collecting data for the market, and helped drive positive RevPAR performance.”