Source: HVS

Revenue per Available Room (RevPAR) of hotels surged by 15% to S$212 in 2011, from S$185 in 2010. The stellar RevPAR is driven by a combination of higher average room rate ( ARR) and occupancy rate achieved by hotels in Singapore. ARR of S$245 for 2011 coincides with the previous peak recorded for 2008, and 13% above the S$217 achieved in 2010. On the other hand, the 2011 occupancy rate at 86% broke the previous record of 85% in 2010.

About HVS

HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.

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