, Singapore

Singapore economy hotels hardest hit by market uncertainties

Economy hotels posted 3.2% decline in RevPar in 1H.

Singapore Tourism Board categorizes hotels into four tiers based on a combination of factors that include average room rates, location and product characteristics: Luxury, Upscale, Midtier, and Economy.

Looking at hotel revenue per available room (RevPAR) trends by segment, the Midtier and Upscale tiers seem more resilient, posting 0.6% and -0.2% YoY growth for the Jan-Jun period respectively.

Luxury RevPAR for Jan-Jun has moderated downwards to post a -1.7% growth, while Economy RevPAR posted the worst performance, with a -3.2% growth.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.