SUBSCRIBERS

Hotel revenues continue recovery in April as high-end room rates inch higher

Annabeth Leow
Published Mon, May 30, 2022 · 04:31 PM

HOTEL room revenue has hit its highest level since the Covid-19 pandemic began, as international visitor numbers continue to recover on border reopenings.

Singapore operators raked in S$180.5 million in April, according to recent Singapore Tourism Board data that also showed visitor arrivals surging to 294,304 in April, from 121,197 in March.

The improvement in industrywide room revenue – which also increased month on month, against S$151.9 million in March – came as both occupancies and average room rates (ARR) picked up further in April, pushing up revenue per available room (RevPAR).

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here