It started with a bang.
According to OCBC, Singapore's hospitality industry started 2012 with a bang, with Singapore hotels achieving RevPAR growth of 14% in 1Q12.
Here's more from OCBC:
However, the growth weakened in 2Q12 and 3Q12, and for the first 10 months of the year, RevPAR declined 3.3% YoY (preliminary statistics). For 9M12, Singapore clocked 10.7m visitors (+8.5% YoY) – on track to reach the 13.5m-14.5m arrivals projected by STB for 2012, versus the 13.2m arrivals in 2011. It is worth noting that the growth rate slowed from 14.7% YoY in 1Q12 to 8.3% YoY in 2Q12 and then 3.1% in 3Q12.
A good year for hospitality IPOs. 2012 has also seen the SGX listings of three hospitality counters – Ascendas Hospitality Trust (A-HTRUST), Far East Hospitality Trust (FEHT), and Global Premium Hotels (GPH). Currently, the properties in the portfolios of FEHT and GPH are all located in Singapore. A-HTRUST’s portfolio is spread across Australia, Japan and China.
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