Frasers Hospitality Trust (FHT) has recorded revenue per average room (RevPAR) of $127 for its Singapore portfolio for the 1QFY2021 ended December, 50% lower than RevPAR of $254 a year ago.

The lower RevPAR for the 1QFY2020 y-o-y was mainly due to lower occupancy. The Singapore Tourism Board (STB) recorded some 2.7 million international visitor arrivals in 2020, down 85.7% y-o-y.

Q-o-q, RevPAR saw a 13.6% increase from RevPAR of $112 in 4QFY2020 on the back of improved average daily rate (ADR) as Intercontinental Singapore stopped serving as a dedicated stay-home notice (SHN) facility.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook