22 Aug '11, 3pm

DTN Singapore: S'pore tourism sector set to shine despite uncertainties: SINGAPORE: Singapore is expected to mee...

SINGAPORE: Singapore is expected to meet its record 2011 tourist arrivals target with ease, despite the strong Singapore dollar and a gloomy global outlook. Analysts said source-countries for tourists are so far weathering the downturn. Even while the Singapore economy slows, average room rates for hotels have gone up by 15 per cent from a year ago to around S$230, while occupancy levels are at more than 85 per cent. Driven by the launch of the two integrated resorts, a record 11.6 million tourists visited Singapore in 2010. Derek Tan, an equity research analyst with DBS Vickers, said: "Year-to-date, we have over six million visitors, which is over 50 per cent of STB's target of 12 to 13 million for this year. "So I think we're on track to meet STB's target, given that we are still not even into the peak season yet. Typically the second half of the year is a stronger half ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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set to hit tourism target

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