SINGAPORE: Singapore hotels’ average room rate (ARR) dropped month-on-month in April, in line with the fall in tourism arrivals, Singapore Tourism Board (STB) data show.
ARR in April slipped 6.6% to S$279.44 from S$299.04 in March, though it was still 3.2% above the year-ago period’s ARR of S$270.53.
The latest figures came as April international visitor arrivals slipped to 1.36 million, following the high in March drawn by the Taylor Swift concerts in Singapore.
Overall hotel room revenue, at S$404.9mil, marked a 17.5% drop from the preceding month’s year-to-date high of S$490.8mil.
It was the lowest overall room revenue recorded so far in…
