October, November registered 31%, 36% occupancies for hotels: STR Data – ET HospitalityWorld

Hotel occupancy crossed 30% in India in October, the first time in the Covid-19-hit year, and improved further the next month, according to data shared by industry tracker STR with ET. While occupancy was 31% and 36% in the two months respectively, preliminary data for December 2020 indicated occupancy of more than 45%, driven mainly by leisure demand. Average daily rates (ADRs), however, fell…

Singapore FRASERS Commercial Trust (FCOT) has posted a first-quarter distribution per unit (DPU) of 2.40 Singapore cents, down 4.4 per cent from 2.51 Singapore cents in the same period a year earlier as property income fell while the number of issued units had increased. The Let’s block ads! (Why?) … The Business Times