Singapore hotels average room rate surges 48% in February

The occupancy rate was undaunted, increasing by 13.26 percentage points from January.

Singapore hotels' average room rate increased to $277.62, a surge of 48% compared to $187.69 in the same period last year and a slight increase from $274.62 in January.

Despite the increasing room rates, the occupancy rate continues to grow to 83.63% from 70.37%.

Data from the country's Tourism Analytics Network also stated that this month's numbers are higher than the average room ($187.69) and occupancy (63.91%) rates from February last year.

Meanwhile, the Revenue per Available Room (REVPAR) for the last month rose to $232.16 from $193.37 in January 2023 and $119.95 year-over-year.

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