Frasers Hospitality’s RevPAR drops in 3 out of 5 markets in Q3 2025

Singapore’s RevPAR decreased by 5.6% YoY.

Frasers Hospitality Trust saw declines in the revenue per available room (RevPAR) on three out of its five key geographical markets for the third quarter of the financial year 2025 (Q3 2025) year on year (YoY).

The group reported that amongst its key markets, Singapore experienced the steepest RevPAR drop of 5.6% in Q3 2025 as compared to Q3 2024, followed by a 1.5% decline in Malaysia and a 1.2% decline in Australia.

Japan’s RevPAR, however, rose by 17.6% and the United Kingdom also experienced a small gain of 0.1%.

The group reported that its Singapore portfolio saw a four-percentage-point improvement in occupancy for the three quarters of 2025, whilst average daily rates (ADR) decreased by 8.3% YoY, mainly due to weakness in the transient and corporate segments, consequently resulting in a 3.1% YoY decrease in RevPAR.

The group noted that the results were affected to some extent by the broader Singapore market, where industry players have adjusted their pricing strategies to boost occupancy. The appreciation of the Singapore dollar against major currencies also likely dampened inbound travel demand.