STR releases latest hotel data

April 28, 2017 by  
Filed under Hospitality, News

LONDON, 28 April 2017: Hotels in Asia-Pacific saw average occupancy improve 3.3% to 68.3% during the first quarter of the year, according to data from STR.

STR said the hotel industry in the Asia Pacific region reported mostly positive results across three key performance metrics during the first quarter of 2017.

The data measures average occupancy; average daily rate and revenue per available room. Read more

Singapore’s hotel performance splutters

January 23, 2017 by  
Filed under Hospitality, News, Singapore

LONDON, 23 January 2017: Singapore enjoys strong supply growth in its hotel sector and low occupancy levels according to STR’s preliminary December 2016 data released last week.

Based on daily data from December, Singapore reported that supply increased 4% mostly in midscale properties based on year-over-year comparisons:

Demand increased by 2.1%, while occupancy fell by 2.0% to 77.2%, in year-over-year comparisons Read more