Chart of the Day: Hotel RevPARs on a gradual slump since 2013
Overall RevPAR peaked at $226 in 2012.
Singapore hotels' revenue per available room has slumped every year since 2012, albeit at a slow pace.
This chart of OCBC paints the picture of the gradual slump of overall hotel RevPARs. After peaking at $226 in 2012, RevPARs have slowed down gradually to $199 in 2016.
Amongst hotel tiers, upscale RevPARs recorded a sudden slump in 2013 at $240 from $265 previously. Luxury hotels, on the other hand, only recorded a RevPAR decline in 2015 when it went down to $386 from $404 in the previous year.
Mid-tier hotels followed the overall RevPAR trend, peaking at 2012 at $171 and declining gradually to $145 last year.