S'pore hotel industry figures slip in Q1 but visitor arrivals steady

Average room rate down 3.3% from year-ago quarter, with steepest decrease in March

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Hotel rates, takings and occupancy for the first quarter of 2025 fell on a yearly basis, even as the number of international arrivals was largely similar, figures from the Singapore Tourism Board (STB) showed on May 7.

Singapore hotels recorded an average room rate (ARR) of $272.63, down 3.3 per cent from $281.94 in the year-ago quarter.

The ARR grew 1.4 per cent year on year in January, but slid 3.4 per cent in February, and a steeper 7.3 per cent in March.

Other hotel industry indicators—overall hotel room revenue, revenue per available room (RevPAR) and average occupancy rate—also dipped.

This came as international visitor arrivals (IVA) were almost flat year on year. Tourist arrivals reached 4.31 million in the first quarter, up just 0.1 per cent from 4.3 million visitors in the first quarter of 2024.

This was led by a 15 per cent jump in IVA in January to 1.63 million tourists, balanced out by a 2.9 per cent fall in February to 1.38 million arrivals, and an 11.5 per cent drop in March to 1.3 million arrivals.