Tourism Focus_cover_Aug05.pub - Singapore Tourism Board

Performance of the Tourism Sector in August 2005
HOTEL INDUSTRY PERFORMANCE
Hotel room revenue increased by 11% to reach S$94 million
Average Room Rate (ARR) for August 2005 reached S$131, an increase of 10% over August 2004.
Average Occupancy Rate (AOR) reached 86%, registering a 5 percentage points increase over
August 2004.
Hotel room revenue for August 2005 reached S$94m, an increase of 11% over the same period last
year.
Chart 3: Hotel Standard Average Occupancy Rate,
Aug 04 to Aug 05
Chart 4: Hotel Room Revenue,
Aug 04 to Aug 05
%
100
90
80
70
60
50
Average Occupancy Rate 2004 : 81%
88 89
85
85
81 83 82
81
82
83
79
81
83
85
80 79
80
79
77
74 74
76
76
69
86
81
S$m
Monthly average room revenue 2004 : S$85m
120
111
102
100
97
88
94 95
94
85
89
90
85
88
88
89
83
88
85
81
85
80
77
83
80
71
75
67
67
60
40
30
40
20
20
10
0
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2004
2005
Last 13 months
Previous Year
0
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2004
2005
Last 13 Months
Previous Year
Source: Based on monthly statutory returns submitted to STB.
Hotel Industry Performance 2 Aug05 % Change
Jan-Aug 05
% Change
Maximum room-nights 859,351 -5.5
Paid lettings 3 695,061 0.2
Available room-nights 4 824,899 -5.3
Gross lettings 5 705,360 0.0
Standard Average Occupancy Rate (AOR) 6 (%) 85.5 4.5
Total Room Revenue ($ m) 93.8 10.9
Standard Average Room Rate (ARR) 7 ($) 131.00 10.3
Revenue per available room (Revpar) 8 ($) 112.00 16.5
6,946,522 -3.3
5,523,515 3.4
6,698,042 -1.9
5,600,296 3.0
83.6 3.9
757.4 13.9
133.20 10.0
111.30 15.4
Source: Based on monthly statutory returns submitted to STB
2 Figures for hotel industry performance was based on returns as of 21 Oct 2005.
3 Room lettings paid for by hotel guests
4 Available room nights = Maximum rooms - Rooms under renovation, for staff use, others
5 Gross lettings = Paid lettings + Complimentary lettings
6 Standard AOR = (Gross lettings / Available room nights) x 100
7 Standard ARR = Total room revenue / Gross lettings
8 Revpar = AOR x ARR
2
Tourism Focus August 2005