Published:
401
views
Hotel RevPAR in Singapore is highest in APAC: report
As of the end of September, Singapore’s RevPAR was US$191.6.
Singapore’s hotel industry is outperforming the rest of Asia Pacific in terms of revenue per available room (RevPAR).
Data from CBRE showed that Singapore's RevPAR as of the end of September was US$191.6, the highest in the region.
In the next six months, CBRE also expects Singapore’s RevPAR to increase, being amongst the four markets that will likely record growth alongside Thailand, Korea, and Japan.
In terms of occupancy and average daily rate (ADR), Singapore also led the region.
As of the end of September, Singapore's occupancy rate was 77.1%, and its ADR was US$248.2.
Read Here
Advertise
Sign Up
