Singapore hotels saw absolute ADR and RevPAR levels hit their lowest for the month of June since 2010, according to preliminary data from STR.
The country has posted year-on-year declines in ADR each month since February 2016, which STR analysts attribute to growing hotel supply and economic challenges.
In June 2017, ADR fell 2.5 per cent year-on-year to S$258.03 (US$188.56), while RevPAR was up 1.5 per cent to S$203.62.
This was despite a 4.1 per cent increase in occupancy to 78.9 per cent, alongside a 6.5 per cent demand increase and 2.3 per cent supply growth.
STR analysts noted that Singapore’s strong demand for the month was likely boosted by an 11-day calendar shift in Ramadan. With an earlier Eid Mubarak, the usual influx in foreign visitors from key tourism source markets like Indonesia occurred in June as opposed to July.
