29 Aug '16, 11am

STB reports growth in Tourism Receipts, Intl Visitor Arrivals & Hotel Industry in Q1 2016.

​​STB has published Singapore's June 2016 visitor arrivals data and Quarter One 2016 Tourism Sector Performance Report. In June 2016, Singapore received 1.3 million visitors, a healthy 7.1% per cent increase from June 2015, and this was driven by good growth rates from some top source markets such as China and India. In the first quarter of 2016, tourism receipts grew by 2% to reach S$5.4 billion. Shopping, accommodation and Food & Beverage expenditures grew significantly, compensating the fall in Sightseeing (SEG) that was due largely to the decline in gaming revenue as reported by the integrated resorts. Gazetted hotel room revenue was estimated at $0.8 billion for Q1 2016, a growth of 4.6 per cent year-on-year. Even though the Average Occupancy Rate (AOR) increased, the Revenue per Available Room (RevPar) declined by 2.3% year-on-year due to a weakened Average Room Rate...

Full article: https://www.stb.gov.sg/news-and-publications/lists/newsro...

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