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Hotel occupancy flat at 82%YoY in first nine months
The Average Room Rate stood at $269.31, marking a year-on-year decrease of 3.2%.
Singapore's hotel industry recorded an 82% Average Occupancy Rate (AOR) in the January-to-September period, a slight year-on-year decline of 0.2%.
The Average Room Rate stood at $269.31, marking a YoY decrease of 3.2%.
Additionally, Revenue Per Available Room also declined 3.4% YoY to $220.83.
Available Room Nights, however, showed growth, reaching 17.76 million, an increase of 1.8% YoY.
September saw the highest Average Room Rate at $690.49 for the Luxury tier and the lowest at $295.27 for the Mid-Tier.
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