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Despite the continued growth in tourism arrivals, Singapore saw gazetted hotel room revenue fell 1.6 percent year-on-year to $1.6 billion during the first half of 2017.
Growth in average occupancy rate offset weaker average room rate performance, which led to a 0.2 percent growth in revenue per available room (RevPAR), showed the Singapore Tourism Board (STB) data.
In the first half of 2017, Singapore tourist arrivals increased four percent year-on-year to reach 8.5 million, while tourist receipts climbed 10 percent to $12.7 billion.
STB attributed the strong tourist receipt growth to higher expenditure across all major components such as accommodation, food & beverage, shopping, sightseeing as well as entertainment & gaming.
For Q2 2017, tourist arrivals rose five percent year-on-year to 4.2 million, while tourist receipts grew five percent also year-on-year to $6.4 billion.
Gazetted hotel room revenue dropped 1.8 percent year-on-year to S$0.8 billion.
Excluding expenditure on sightseeing, entertainment & gaming, the top three tourist receipt generating markets were China (S$810 million), Indonesia (S$676 million) and India (S$487 million), accounting for 38 percent of tourist receipts in Q2 2017.
Among the top 10 markets, India, Vietnam and Philippines posted the highest absolute year-on-year growth in tourist receipts.
This article was edited by Keshia Faculin.
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