SINGAPORE, 7 November 2017: Singapore’s tourist arrivals increased 4%, year on year, to reach 8.5 million in the first half of the year according to the latest data released Monday.
According to the Singapore Tourism Board’s tally the 8.5 million visits generated SGD12.7 billion in tourist receipts, up 10%.
The strong growth in the first half of the year was attributed to higher expenditure across all major components including shopping, accommodation, food & beverage, and sightseeing, entertainment & gaming.
Gazetted hotel room revenue was estimated at SGD1.6 billion, a year-on-year decline of 1.6%. Growth in average occupancy rate offset weaker average room rate performance, resulting in a 0.2% growth in RevPAR (revenue per available room).
In the second quarter of 2017, tourist arrivals grew 5% year on year to reach 4.2 million. Tourist receipts in quarter 2 grew 5% over the same period last year to reach SGD6.4 billion. Gazetted hotel room revenue for Q2 came in at an estimated SGD0.8 billion, a 1.8% year on year decrease.
Excluding expenditure on sightseeing, entertainment & gaming (SEG), the top three tourist receipt earners were China (SGD810 million), Indonesia (SGD676 million) and India (SGD487 million) contributing 38% of tourist receipts in the second quarter.