Hotel gross lettings grew a disappointing 2.8% to 2.8m room nights

Despite arrivals jumping 6.4%.

According to OCBC, for Jan to Apr this year, RevPAR for Singapore hotels fell 2.6% YoY to S$218. In addition, while visitor arrivals increased by 6.4% in 1Q13, gross lettings for 1Q13 grew by only ~2.8% to 2.8m room nights.

OCBC said that on a per capita basis, visitor arrivals are converting into fewer room nights, continuing a trend OCBC notes for 2012 (gross lettings were flat YoY in 2012 while visitor arrivals climbed 9.1%).

"Average length of stay per visitor is likely to be declining. We understand that a number of tourists transiting through Singapore may now be exiting Changi airport for day-trips. Our sources indicate that hotel bookings remain weak through 2Q13," OCBC said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia