13 Nov 2013
STR Global’s preliminary October data for Singapore indicates flat to moderate hotel performance in the key metrics of occupancy, average daily rate and revenue per available room. Based on STR Global daily data from October, preliminary data for Singapore includes: increases in supply (+5.0 percent) and demand (+7.2 percent); a +2.1-percent increase in occupancy to 85.8 percent; a -0.7-percent decrease in ADR to SGD300.68; and a +2.8-percent rise in RevPAR to SGD258.05.
On the other hand, STR Global’s preliminary October data for Sydney shows positive growth in all three key performance measures. Based on STR Global daily data from October, preliminary data for Sydney includes: increases in supply (+2.4 percent) and demand (+7.2 percent); a +4.7-percent increase in occupancy to 88.4 percent; a +7.7-percent growth in average daily rate to AUD210.45; and a +12.8-percent increase in revenue per available room to AUD185.97.
Sourced: TravelDailyNews