Singapore hotels rake in highest revenue per available room since start of Covid-19 pandemic: STB data

SINGAPORE hotels raked in the highest revenue per available room (RevPAR) in June, the highest since the Covid-19 pandemic began. Average room rates also hit a 6-year high, data from the Singapore Tourism Board (STB) showed.

The average room rate in June was S$238.32 — the highest since September 2016. Year on year, the jump was 63.1 per cent; month on month, the growth rate was 7 per cent.

Average occupancy rates hit a 6-month high at 77 per cent, just…

A NEWSLETTER FOR YOU

Friday, 2 pm

Lifestyle

Our picks of the latest dining, travel and leisure options to treat yourself.

Sign Up