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Singapore hotels’ average room rate at one-year low in June; tourist arrivals continue falling

Other hotel indicators also mark falls

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Elysia Tan

Elysia Tan

Published Fri, Aug 2, 2024 · 02:20 PM
    • Singapore’s tourist arrivals have been falling since the peak in March, when Taylor Swift staged six concerts at the National Stadium.
    • Singapore’s tourist arrivals have been falling since the peak in March, when Taylor Swift staged six concerts at the National Stadium. PHOTO: SHINTARO TAY, ST

    SINGAPORE hotels’ average room rate (ARR) fell slightly sequentially in June to the lowest in a year, as international visitor arrivals marked a third straight month of declines, Singapore Tourism Board (STB) data showed on Friday (Aug 2).

    ARR in February slipped to S$268.87, down 3.9 per cent from the preceding month’s S$279.87. It was up a marginal 0.4 per cent on the year – the lowest since the year-ago period’s S$267.84.

    Other indicators – overall hotel room revenue, revenue per available room (RevPAR) and average occupancy rate – also registered decreases.

    Singapore tourismHotelsHospitalitySingapore economy

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