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Data published by the Singapore Tourism Board (STB) on Friday (9 Nov) shows that overall accommodation expenditure by foreign visitors here grew by 6.0 percent year-on-year to $1.48 billion in the second quarter of 2018.
In particular, gazetted hotel room revenue increased by 9.4 percent to about $1 billion. Gazetted hotels are accommodations that have been declared as hotels for tourists under the Singapore Tourism (Cess Collection) Act.
In Q2 2018, the average occupancy rate of such premises rose by 0.9 percentage point to 85 percent on an annual basis. At the same time, revenue per available room (RevPAR) grew 3.1 percent to $181 while there was an uptick of 2.0 percent in the average room rate (ARR) to $214.
Moreover, the number of foreign visitor arrivals in Singapore increased by 8.0 percent year-on-year to 4.6 million during the second quarter.
However, their overall spending slid by 1.7 percent to $6.6 billion. In particular, tourism receipts (TR) from shopping slumped by 22 percent to around $1.26 billion, while that for dining fell 15 percent to $601 million.
Source: Singapore Tourism Board
On the other hand, other TR components jumped 20 percent to $1.78 billion. These include expenditure on airfares, port taxes, local transportation, business, medical, education and transit visitors.
Excluding expenses on Sightseeing, Entertainment and Gaming (SEG), Chinese nationals spent the most in Q2 2018 at $988 million. This is followed by Indonesian and Indian citizens at $766 million and $566 million respectively.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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