Singapore tourism receipts plateau despite growing arrivals
China (+10%), India (+22%) and Indonesia (+4%) registered the largest absolute year-on-year growth.
While international visitor arrivals into Singapore grew by 7.3% year-on-year to reach 4.6 million in Q1 2018, tourism receipts dipped marginally with declines seen in shopping, accommodation and F&B expenditure, according to the Singapore Tourism Board’s Q1 report.
The destination’s top five visitor-generating markets in the quarter were China (0.9 million), Indonesia (0.7 million), India (0.3 million), Malaysia (0.3 million) and Australia (0.3 million). Combined, they accounted for 54% of total arrivals.
China (+10%), India (+22%) and Indonesia (+4%) registered the largest absolute year-on-year growth, while Germany (-7%), Australia (-3%) and the Philippines (-4%) posted the largest declines.
Tourism receipts for Q1 2018 were down 0.5% to S$6.7 billion (USD 4.9 billion). While sightseeing, entertainment and gaming (+6%) and other tourism receipt components (+22%) grew, shopping (-9%), accommodation (-13%) and F&B (-16%) declined.
Gazetted hotel room revenue for Q1 2018, however, was up 8.5%, coming in at an estimated S$1 billion. Average occupancy rate was 86.1%, a 1.4 percentage point increase.
Average room rate increased 2.3% to S$222 while revenue per available room increased 4% to reach S$191 in Q1 2018.
Read Original Article