LONDON – STR's preliminary June 2018 data for hotels in Singapore indicates strong performance results.

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

  • Supply: +3.7%
  • Demand: +9.3%
  • Occupancy: +5.5% to 83.1%
  • Average daily rate (ADR): +1.7% to SGD262.60
  • Revenue per available room (RevPAR): +7.2% to SGD218.23

The RevPAR increase was the highest for any month in Singapore since February 2014. Growth in demand (room nights sold) was the highest for a June since 2010. STR analysts note that the North Korea and U.S. summit held on 12 June boosted demand with an influx of delegates and media members in the country.

STR will release full June results later this month. The May edition of STR's Market Forecast is available now for Singapore and a host of other markets across the globe.

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 corporate 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.

Alex Anstett
Media & Communications Coordinator - STR
STR