Singapore tourism sector saw good growth during the first quarter of 2017. International Visitor Arrivals (IVA) increased 4 per cent over the same period in 2016 to reach 4.3 million visitors while Tourism Receipts (TR) grew by 15 per cent to reach $6.4 billion. China (851,000), Indonesia (720,000), Malaysia (275,000), Australia (272,000), and India (241,000) were Singapore’s top five international visitor-generating markets in Q1 2017.
These markets accounted for 55 per cent of total IVA during this period. China (+14%), India (+7%) and Indonesia (+2%) registered the largest absolute year-on-year growth while Hong Kong (-29%), Thailand (-7%) and South Korea (-5%) posted year-on-year declines.
The strong growth in tourism receipts was due to higher visitor arrivals and growth in all major TR components, except Sightseeing, Entertainment & Gaming, which held steady. China generated S$1,075 million, Indonesia S$688 million and India S$302 million. They were the top three tourism revenues generating markets in Q1 2017.
Gazetted hotel room revenue was estimated at $0.8 billion for Q1 2017, a year-on-year decline of 1.3 per cent. Average Occupancy Rate (AOR) grew by 1.3 per cent year-on- year while Revenue per Available Room (RevPar) declined by 1.2 per cent year-on- year due to a lower Average Room Rate (ARR).
Average Occupancy Rate (AOR5) came in at 86 per cent in Q1 2017, a 1.3 percentage point increase compared with the same quarter last year while Average Room Rate (ARR6) declined by 2.8 per cent to $233 in Q1 2017. Revenue per Available Room (RevPAR7) slipped 1.2 per cent year-on-year to $199 in Q1 2017 due mainly to a lower ARR.
According to the Singapore Tourism Board, 25% of the total tourism receipts were from shopping, amounting to $1.6b. This represented an increase of 38% compared to the performance for the same period of last year.
Meanwhile, spending on food and beverage also increased, shooting 14% up to $693m and comprising 11% of overall tourists’ spends.
Receipts from the sightseeing, entertainment & gaming component remained relatively flat at $1.08b. Other tourism receipts components also grew by 7% to $1.47b.