UOL's Singapore hotel occupancy slashed to half in Q1

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No RevPaR also crashed to $140 from $230 in Q4 2019. UOL saw the occupancy rate of its hotels and serviced apartments in Singapore fall to 50% in Q1 from 85% in Q4 2019, according to its quarterly business updates. Hotel portfolio’s occupancy rate in Oceania likewise crashed from 84% to 72% over the same period, whilst occupancy of its hotels in China, Vietnam, Malaysia and Myanmar slid to 41% from 69%. In addition, the revenue per room (RevPaR) of its SIngaporean hotels hit $140 from $230 in Q4 2019. read more