16/01 09:30AM
Arrivals to Singapore rise 15% in Q3. Monday, 16th January 2012 Source : HVS International Singapore's international visitor arrivals for the third quarter of 2011 stood at close to 3.5 million, representing a 15% year-on-year growth. Tourism receipts in the third quarter were S$6 billion, up 12%. Visitors from India generated the biggest increase in tourism receipts in the quarter, up 41%. Gazetted hotel room revenue in the quarter rose 18% to S$700 million. July 2011 posted a record high ADR as arrivals reached an all time peak, while September 2011 registered the highest RevPAR ever recorded. Average room rate was S$251 in the quarter, up 11%, with the upscale tier recording the biggest room rate percentage increase. Average occupancy rate reached 88% in the quarter and RevPAR for the quarter jumped 16% to S$222. In the first nine months of the year, Indonesia, China, Malaysia, Australia and India were the top five international visitor generating markets, accounting for 54% of total arrivals. China and the Philippines registered the highest percentage growth, up 39% and 30%, respectively. Tourism receipts for the first nine months of the year were up 22% to S$17 billion. |
