Far East Hospitality's full-year RevPar down 5.3%

Average daily rate also declined, offsetting the occupancy gain.

Far East Hospitality's losing streak in terms of RevPar continued in the past quarter, resulting in a 5.3% decline to $139 for the whole year.

According to OCBC Investment Research this came as average daily rate dropped 7% to $159, offsetting the 1.6ppt gain in occupancy to 87%.

"FY16 Serviced Residences (SR) RevPAU dropped 5.8% to S$146, affected by both a 3.6% decline in ADR and a 2.0ppt drop in occupancy to 85.0%," the brokerage firm noted.

In 4Q16, there was a 7.3% decline in hotel RevPar to S$136, but a smaller 2.3% drop in SR RevPAU to S$146.

"We note that in 4Q16, the decrease in revenue contribution from Banking & Finance and Services was partially offset by a growth in Oil & Gas and Electronics & Manufacturing. The management emphasized that its SRs are seeking a more diverse base of long-term tenants," OCBC 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