LONDON -- STR's preliminary April 2018 data for hotels in Singapore indicates performance growth.

Based on daily data from April, Singapore reported the following in year-over-year comparisons:

  • Supply: +5.1%
  • Demand: +6.7%
  • Occupancy: +1.6% to 82.4%
  • Average daily rate (ADR): +2.2% to SGD272.26
  • Revenue per available room (RevPAR): +3.8% to SGD224.42

A spike in demand outpaced significant supply growth, which helped boost performance for the month. STR analysts note that this would be the third consecutive month of ADR and RevPAR growth for Singapore. Additionally, this would be the first increase in ADR for an April since 2014.

STR will release full April results later this month. The May edition of STR's Market Forecast will be available at the end of the month.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Nick Minerd
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
STR