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Singapore hotels rake in highest average room rate in 10 years in July

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Elysia Tan

Elysia Tan

Published Fri, Sep 2, 2022 · 01:00 PM
    • In the year to date, overall room revenue was S$1.39 billion, higher than the amount earned for the whole of 2021.
    • In the year to date, overall room revenue was S$1.39 billion, higher than the amount earned for the whole of 2021. PHOTO: BT FILE

    SINGAPORE hotels’ average room rate (ARR) rose to a near-decade high in July, extending growth for the sixth straight month, latest data from the Singapore Tourism Board (STB) showed.

    The ARR in July was S$259 – the highest since September 2012, when it was S$261.66. The on-year jump was 69.2 per cent; on the month, the growth rate was 7.7 per cent.

    That ARR was “able to share continued momentum since June, which is typically a seasonal high for hoteliers, given the June holidays” was a surprise, said DBS analyst Geraldine Wong.

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    HospitalityHotelsSingapore tourismSingapore Tourism Board

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