Singapore hotel rates dip in November

The ARR fell 1.8% compared to the same month in 2022.

The Singapore Tourism Board (STB) hotel performance report states that the Average Room Rate (ARR) for November 2023 is $277.44 with a 78.98% average occupancy rate.

The rates are slightly lower as compared to October's $278.42 with a 77.8% average occupancy rate.

Revenue per available room (ReVPAR) for the month is $$219.13, which is higher than October's $216.60..