CDL's Singapore RevPAR slumps 10.8%

It offset the growth seen in the group's other markets.

The outlook is lukewarm for City Developments Limited's hospitality segment, as its Singapore market continued to badger declining revenue per available room (RevPAR).

According to UOB KayHian, Singapore RevPAR saw a 10.8% decline. It badgered strong RevPAR growth seen in Australia at 24.1%, New York at 19.9%, and London at 17.1%.

The brokerage firm said this could be attributed the dismal performance in Singapore to the confluence of supply-side pressure on room rates and lower corporate demand.

"We expect Singapore operations to continue seeing weak corporate demand coupled with supply indigestion (+5.9% expansion in room supply expected for 2017)," UOB KayHian said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia