Zika looms even as tourism report sheds light on lower hotel RevPAR mystery

SINGAPORE (Aug 31): UOB Kay Hian says the tourism statistics report for 1Q16 unveiled by Singapore Tourism Board (STB) on Tuesday has shed light on a “puzzling disconnect” between surging tourist arrivals and lower hotel revenue per available room (RevPAR).

UOB’s analysts Derek Chang and Vikrant Pandey in July predicted Singapore’s hospitality sector might be a “comeback kid” as international tourists, especially from China, continued to flock to the city-state.

Hotel RevPAR in 1Q, however, dipped 2.3% y-o-y despite a 13.8% y-o-y growth in tourist numbers.

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