Hotels lift rates and revenue despite softer visitor arrivals

Room revenue and occupancy rose in the first four months even as tourism traffic weakened.

Singapore hotels continued to raise room rates and revenue in the first four months of 2026 despite softer visitor arrivals, according to data from the Singapore Tourism Analytics Network (STAN).

Average room rates rose 2.0% year on year (YoY) to $273.97 between January and April, whilst revenue per available room (RevPAR) increased 4.2% to $224.10. Occupancy also improved to 81.8%.

The gains came as Singapore's tourism sector faced weaker visitor traffic which welcomed 7 million visitors from January to May, down 1.2% from a year earlier, according to Singapore Tourism Board (STB) data.

Overnight visitor arrivals and average length of stay also declined during the period.

May marked the weakest month for visitor arrivals so far this year, with arrivals falling 9.7% YoY. The decline was led by softer arrivals from key source markets including mainland China and Indonesia, according to the STB.

Despite the moderation in visitor numbers, hotel demand remained resilient.

STAN data showed available room supply increased 2.3% YoY to 7.91 million room nights between January and April, whilst occupancy remained above 80%.

Luxury hotels continued to command the highest room rates, averaging more than $640 per night during the four-month period.

Upscale hotels recorded rates above $300, whilst mid-tier and economy properties remained around the $200 and $120 marks, respectively.

The January-to-May visitor tally represents about 40% of STB's full-year forecast of 17 million to 18 million visitor arrivals.

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