Full House: Hotel occupancy up to 86 % as rooms average $212 a night

Average occupancy rate increased 9.8 percent while average room rates hiked 12.2 percent.

According to DBS, RevPAR rose 26.6 percent to $182/night. AOR and ARR increased to 86 percent and $212/night respectively.

In the past year, occupancy ramped up pretty fast early in the year, held steady above 85 percent as we head into 2H of 2010, while room rates crept up slowly.

Looking ahead, DBS anticipates a further 12 percent hike in RevPAR as hoteliers continue to enjoy pricing power. Hoteliers expect to maintain the relatively high average occupancy of c85% on sustained strong demand coupled with improving weekend leisure business.

DBS continues to remain positive on the hospitality sector and players like CDL HT and ART, which are projected to deliver stronger than average growth in distributions on the back of robust tourism outlook in Singapore in the next 2 years. Hoteliers are still in vogue, said DBS.

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