Driven by Formula 1 Grand Prix, Singapore’s hotel industry posted its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary October data from CoStar, a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2026 (year-over-year % change):
- Occupancy: 85.0% (+2.6%)
- ADR: SGD400.74 (+5.3%)
- RevPAR: SGD340.49 (+8.1%)
In addition to the ADR and RevPAR records, Singapore saw its highest October occupancy level since 2019.
During the Grand Prix weekend, the market’s ADR and RevPAR peaked on Saturday, 10 October at SGD818.88 and SGD711.09, respectively. Those were Singapore’s highest ADR and RevPAR levels since F1’s first-ever night race (26-28 September 2008), when ADR peaked at SGD908.07 on the second night and RevPAR reached SGD781.35 the following night.
Singapore’s occupancy (94.4%) peaked on the opening of the Formula 1 Pit Lane Experience Ballots (Friday, 2 October). That night, ADR and RevPAR climbed to SGD370.81 and SGD349.94, respectively.
Throughout the month, Singapore’s occupancy came in above 80% on all but six nights.
