Page 17 - ar2012

annual report 2012
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ASSETS UNDER MANAGEMENT
CDLHT’s Singapore Hotels Performance (excluding Studio M Hotel) FY 2012 FY 2011 Variance
Average Occupancy Rate 89.0% 87.9% +1.1pp
Average Daily Rate S$237 S$232 +2.2%
RevPAR S$211 S$204 +3.3%
Location of CDLHT’s Properties
Orchard Road
Shopping District
Resorts World Sentosa
Marina Bay Sands Central Business District
Singapore River
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5 6
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New Zealand
Auckland
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Singapore
Singapore Hotels Performance for FY 2012
For the full year of 2012, visitor arrivals to Singapore recorded 9.1% year-on-year growth. In tandem with the
moderation in visitor arrivals growth in the second half, CDLHT’s Singapore Hotels has experienced a slower
second half. Despite this, the Singapore Hotels continued to register healthy occupancy levels. With active
revenue and yield management collaboration by the H-REIT Manager with the master lessees, the Singapore
Hotels (excluding Studio M Hotel) achieved an average daily rate of S$237 in FY 2012, which exceeded the
previous year’s average daily rate by 2.2%. As a result, revenue per available room (“RevPAR”) for the Singapore
Hotels (excluding Studio M Hotel) rose to a full year record high of S$211, a 3.3% increase over the previous
year’s RevPAR.
Australia
Perth
Brisbane
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Maldives
1 Orchard Hotel and Orchard Hotel Shopping Arcade
2 Grand Copthorne Waterfront Hotel
3 M Hotel
4 Copthorne King’s Hotel
5 Studio M Hotel
6 Novotel Singapore Clarke Quay
7 Mercure Perth
8 Ibis Perth
9 Novotel Brisbane
10 Mercure Brisbane
11 Ibis Brisbane
12 Rendezvous Grand Hotel Auckland
13 Angsana Velavaru
(completed 31 January 2013)
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South Nilandhe Atoll
Malé Atoll