Following the Taylor Swift concert surge in March, Singapore’s hotel industry saw a decline in April, with the Average Room Rate (ARR) falling by 6.6% to S$279.44. This is a drop from the March high of S$299.04, though still 3.2% higher than April 2023.

Tourism arrivals also dipped in April to 1.36 million, contributing to an overall room revenue decline of 17.5%, down to S$404.9 million—the lowest in 2024 so far. However, room revenue was 11.5% higher compared to April 2023.

Key hotel indicators such as Revenue per Available Room (RevPAR) and average occupancy rate also dropped, with RevPAR falling to S$216.60 and occupancy down to 77.5%, marking the lowest occupancy rate of the year.

Despite these declines, Singapore’s year-to-date room revenue still stands at S$1.77 billion, up 27% from last year, showing resilience in the tourism sector despite fluctuations.