Strong S$ helps mid-tier hotels to outperform in May
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Nisha Ramchandani
Singapore
IN a reversal of recent trends, midscale hotels outperformed most hotel categories in May as the strong Singapore dollar prompted some tourists to opt for more affordable accommodation.
Preliminary data from the Singapore Tourism Board shows that revenue per available room (RevPar) for mid-tier hotels was up 1.8 per cent to S$151 in May, while that of economy hotels slid 2.5 per cent to about S$84. For luxury hotels, RevPar sank as much as 9 per cent to S$358, while that for upscale hotels was down 1.5 per cent to S$216.
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