Singapore hotels’ average room rate recovers from March slip, gains 3.3% in April
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Elysia Tan
SINGAPORE hotels’ average room rate (ARR) and revenue per available room (RevPAR) inched up in April after March’s dip, even as overall room revenue – which had reached a four-month high in March – and average occupancy rate slipped slightly.
ARR gained 3.3 per cent in April to S$273.18, from March’s revised S$264.55, Singapore Tourism Board (STB) data showed on Thursday (Jun 1). This was slightly lower than the rates recorded in January (S$273.96) and February (S$278.01).
On the year, ARR was up 32.8 per cent. On Apr 1 last year, the Vaccinated Travel Framework was introduced, removing Stay-Home Notice and on-arrival Covid-19 test requirements for fully vaccinated travellers, to ease their entry into Singapore.
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