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

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Sharon See

Sharon See

Published Fri, Jul 22, 2022 · 05:26 PM
    • For the first 6 months of the year, overall room revenue was S$1.07 billion, which is on par with the amount earned for the whole of 2021, data from the Singapore Tourism Board indicates. Overall room revenue for the industry hit S$292.8 million in June, more than 4 times the level recorded in the same month a year ago.
    • For the first 6 months of the year, overall room revenue was S$1.07 billion, which is on par with the amount earned for the whole of 2021, data from the Singapore Tourism Board indicates. Overall room revenue for the industry hit S$292.8 million in June, more than 4 times the level recorded in the same month a year ago. PHOTO: BLOOMBERG

    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 6 percentage points shy of the pre-pandemic rate of 83 per cent clocked in December 2019 and January 2020.

    Singapore economySingapore tourismSingapore Tourism BoardHotelsHospitalityTravel

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