Fueled by the Formula 1 Grand Prix, Singapore’s hotel industry set new records in ADR, RevPAR, and occupancy, according to CoStar’s latest October data
Singapore’s hotel industry has reached new heights. According to preliminary data from CoStar, a global leader in property market analytics, the city-state’s hotels recorded their highest-ever monthly Average Daily Rate (ADR) and Revenue per Available Room (RevPAR) in October 2025 — boosted by the excitement surrounding the Formula 1 Singapore Grand Prix.
Strongest Monthly Performance on Record
The month delivered standout results across all key metrics compared to October 2024:
- Occupancy: 82.8% (+6.5%)
- ADR: SGD 384.15 (+19.5%)
- RevPAR: SGD 317.96 (+27.3%)
In addition to record-breaking ADR and RevPAR, Singapore’s monthly occupancy rate hit its highest level for an October since 2019 — signaling robust travel demand and sustained market recovery.
Formula 1 Weekend Powers Daily Highs
The Formula 1 Grand Prix, one of Singapore’s marquee events, proved a major performance driver. On Friday, 3 October, hotels achieved the month’s peak results across all three key indicators:
- Occupancy: 95.9%
- ADR: SGD 757.62
- RevPAR: SGD 726.47
These figures outpaced last year’s race weekend (20–22 September 2024), when the highest daily occupancy reached 91.7% and RevPAR peaked at SGD 613.56. The 2025 Grand Prix not only delivered the best daily occupancy since January 2020 but also set new all-time highs for ADR and RevPAR in the Singapore market.
Consistent Demand Throughout October
Beyond race week, Singapore maintained strong hotel demand throughout the month. Occupancy remained above 70% on all but one night — Monday, 20 October (68.1%) — demonstrating steady business and leisure travel activity across the city.
The performance underscores Singapore’s continued strength as Asia’s premier events and hospitality hub, supported by a healthy mix of international tourism, corporate travel, and domestic leisure.
CoStar’s Global Hotel Data Leadership
The findings are part of CoStar’s comprehensive hotel performance database, which includes data from more than 90,000 properties and 11.8 million rooms worldwide. The platform’s analytics help industry stakeholders track market movements, benchmark performance, and identify growth opportunities across global hospitality sectors.
At a Glance
- Reporting Period: October 2025
- Source: CoStar – Global Hospitality Analytics
- Singapore Hotel Metrics (YoY):
- Occupancy: 82.8% (+6.5%)
- ADR: SGD 384.15 (+19.5%)
- RevPAR: SGD 317.96 (+27.3%)
- Peak Day (Friday, 3 Oct 2025):
- Occupancy: 95.9%
- ADR: SGD 757.62
- RevPAR: SGD 726.47
- Market Context: Record-high ADR and RevPAR, strongest October occupancy since 2019
- Key Driver: Formula 1 Singapore Grand Prix
