Hotel revenues continue to rise in May to S$231.7m

HOTEL room revenue rose for the fourth straight month in May, as international visitor numbers continued to rebound strongly on borders reopening.

Singapore operators raked in S$231.7 million in May, going by the latest figures from the Singapore Tourism Board (STB), which also showed visitor arrivals climbing to 418,310 in the same month, from 295,100 in April.

The improvement in industrywide room revenue – which also increased month on month, against S$182.5 million the month before – came as both occupancies and average room rates (ARR) picked up further in May, pushing up revenue per available room (RevPAR).