Tourism Sector Performance For 2011 - Singapore Tourism Board

3. Hotel IndustryJANUARY TO DECEMBER 2011 PERFORMANCEGazetted hotel room revenue for 2011 came in at an estimated S$2.6 billion, representing a27.8% year-on-year growth.Average Room Rate (ARR 3 ) stood at S$245 in 2011, a year-on-year increase of 13%. Room ratesfor all hotel tiers increased, with the Upscale tier posting the highest growth rate at 14%.Average Occupancy Rate (AOR 4 ) reached 86% in 2011.Robust performance in ARR and AOR resulted in a 15% growth in Revenue Per Available Room(RevPAR 5 ), which stood at S$212 in 2011. The Upscale tier was the top performer in terms ofRevPAR growth.Note:January – December 2011ARR AOR RevPAR$ %∆ % %∆ $ %∆OVERALL 245 13% 86 +1% pt 212 15%LUXURY 397 12% 80 +2% pt 319 14%UPSCALE 278 14% 88 +2% pt 244 16%MID-TIER 187 11% 87 - 164 11%ECONOMY 109 9% 85 -1% pt 93 7%Table 1: ARR, AOR and RevPAR, 2011The hotel tiering system is a reference system developed by the Singapore Tourism Board (STB) to categorise thedifferent hotels in Singapore into tiers based on a combination of factors that include average room rates, locationand product characteristics.Figures for the hotel industry are preliminary estimates, based on returns as at 26 November 2011. The currenthotel tiers published are based on the hotels’ performance in 2010. The response rate across the tiers may vary.Luxury - Includes hotels in the luxury segment and are predominantly in prime locations and/or in historicalbuildingsUpscale - Includes hotels in the upscale segment and are generally in prime locations or hotels with boutiquepositioning in prime or distinctive locationsMid-Tier - Includes hotels in the mid-tier segment and are primarily located in prime commercial zones orimmediately outlying areasEconomy - Includes hotels in the budget segment and are generally located in outlying areas3 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 1004 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 1005 RevPAR = AOR x ARR