Singapore hotel figures slip yoy in Q1, with main drags in March; visitor arrivals steady

[SINGAPORE] Hotels rates, takings and occupancy for the first quarter of 2025 fell on a yearly basis, even as the number of international arrivals were largely similar, figures from the Singapore Tourism board (STB) showed on Wednesday (May 7).

But hotel data and arrival numbers picked up on a quarterly basis.

Across the three months of Q1 2025, March recorded the steepest year-on-year (yoy) declines across all measures.

In Q1 of this year, Singapore hotels recorded an average room rate (ARR) of S$272.63, down 3.3 per cent from Q1 2024’s S$281.94. Within the first quarter of this year, the ARR grew 1.4 per cent yoy in January, but slid 3.4 per cent in February, and a steeper 7.3 per cent in March.

Other hotel industry indicators –…