5/1/2012

TOURISM SECTOR PERFORMANCE

HIGHLIGHTS
1. Tourism Receipts
Tourism Receipts (TR) for Quarter Three (Q3) 2011 were estimated at S$6 billion, registering a 12% year-on-year growth. All TR components for Q3 2011 saw year-on-year growth.

2. International Visitor Arrivals

International Visitor Arrivals (IVA) for Q3 2011 stood at close to 3.5 million, representing a 15% year-on-year growth.

3. Hotel Industry
Gazetted hotel room revenue for Q3 2011 came in at an estimated S$0.7 billion, representing an 18% year-on-year growth. Robust performance in Average Room Rate (ARR) and Average Occupancy Rate (AOR) resulted in a 16% growth in Revenue Per Available Room (RevPAR).

Note to Editors: This quarterly report provides a summary of key statistics on tourism receipts, international visitor arrivals and gazetted hotels. The analysis in this report is based on data from a variety of sources, including Disembarkation/Embarkation cards, the Overseas Visitors Survey (OVS) and the monthly hotel returns from gazetted hotels. Data derived from the OVS are subject to sampling error. Users are advised to exercise discretion when drawing any conclusions or inferences, or taking any action, based on the data. A downloadable version of this report is also available at: http://app.stb.gov.sg/asp/new/new02a.asp?id=3 Monthly International Visitor Arrival and Hotel statistics are available at: https://app.stb.gov.sg/asp/tou/tou02.asp#VS

1. Tourism Receipts
QUARTER THREE 2011 PERFORMANCE1 Tourism Receipts (TR) for Quarter Three (Q3) 2011 were estimated at S$6 billion, registering a 12% year-on-year growth. All TR components saw year-on-year growth.
Tourism Receipts by Major Components, Q3 2011
Tourism Receipts: S$6 billion (+12% vs Q3 2010)
% Change vs 2010

% Share

19%

Shopping

1,188

20%

13%

Accommodation

1,114

19%

17%

Food & Beverage

585

10%

9%

Sightseeing & Entertainment (including Gaming)

1,448

24%

7%

Other TR Components

1,591

27%

S$ Millions

500

1,000

1,500

2,000

Source: Disembarkation/Embarkation Cards and Overseas Visitor Survey - Sightseeing & Entertainment includes entrance fees to attractions and nightspots, expenditure on day -tours, leisure events and entertainment at the Integrated Resorts. - Other TR components include expenditure on airfares, port taxes, local transportation, business, medical, education and trans it visitors.

Chart 1: Tourism Receipts by Major Components, Q3 2011

Excluding Sightseeing & Entertainment expenditure, Indonesia (S$781 million), P R China (S$603 million), Australia (S$296 million), India (S$296 million) and Japan (S$232 million) were Singapores top five TR generating markets for Q3 2011. All top 10 markets registered year-on-year growth in Q3, except USA (-14%) which saw a continuing decline in business traffic. India (+41%) was the top growth market in terms of TR, boosted by a strong increase in business traffic in Q3. Significant TR increases were also registered for Japan (36%), Philippines (34%) and P R China (31%), primarily due to an increase in leisure traffic and shopping expenditure.
Tourism Receipts by Major Components, Top 10 Markets, Q3 2011
Tourism Receipts: S$6 billion (+12% vs Q3 2010)
% Change vs 2010 13%

Shopping
Overall
Indonesia

Accommodation
25%
17%

Food & Beverage

13%
9%

Other TR Components
36%
46%

2011 TR* (S$ mil) 4,477 781

27%
28%

6%
31% 1% 41%

P R China Australia India

Japan Malaysia

53% 18% 19%

17%

14% 13% 35%

30% 13%

7% 46%

25%

603 296

23%

17%
40%

30%

296

36% 14% 34% -14% 6%

6%

232
220

29% 21% 8%
10% 26%

27% 35% 40%

15%

10% 17% 20%

49%

34% 27% 31%

Philippines USA
UK Hong Kong SAR

201 164 153

18% 0% 10% 20%

32% 30% 40% 50%

18% 60% 70% 80%

32% 90% 100%

148

Expenditure is estimated from Overseas Visitor Survey. Other TR components include expenditure on airfares, port taxes, local transportation, business, medical, education and trans visitors. it *Sightseeing & entertainment has been excluded in the country analysis due to commercial sensitivity of information.

Chart 2: Tourism Receipts by Major Components, Top 10 Markets, Q3 2011

1. Tourism Receipts
JANUARY TO SEPTEMBER 2011 PERFORMANCE 1 Tourism Receipts (TR) for January to September 2011 were estimated at S$17 billion, registering a 22% year-on-year growth.
Tourism Receipts by Major Components, January-September 2011
Tourism Receipts: S$17 billion (+22% vs Jan-Sep 2010)
% Change vs 2010

Q1

Q2

Q3

% Share

13%

Shopping

1,043

1,048

1,188

20%

21%

Accommodation

1,034

1,081

1,114

19%

21%

Food & Beverage

546

544

585

10%

56%

Sightseeing & Entertainment (including Gaming)

1,344

1,283

1,448

25%

6%

Other TR Components

1,360

1,360

1,591

26%

S$ Millions

1,000

2,000

3,000

4,000

5,000

Source: Disembarkation/Embarkation Cards and Overseas Visitor Survey - Sightseeing & Entertainment includes entrance fees to attractions and nightspots, expenditure on day -tours, leisure events and entertainment at the Integrated Resorts. - Other TR components include expenditure on airfares, port taxes, local transportation, business, medical, education and trans it visitors.

Chart 3: Tourism Receipts by Major Components, January-September 2011

Excluding Sightseeing & Entertainment expenditure, Indonesia (S$2,114 million), P R China (S$1,579 million), Australia (S$818 million), India (S$808 million) and Malaysia (S$635 million) were Singapores top five TR generating markets for January to September 2011.
Tourism Receipts by Major Components, Top 10 Markets, January to September 2011
Tourism Receipts: S$17 billion (+22% vs Jan-Sep 2010)
% Change vs 2010 13% 8%

Shopping
Overall
Indonesia

Accommodation
26%
16%

Food & Beverage

13%
9%

Other TR Components
35%
45%

2011 TR* (S$ mil) 12,495 2,114

26%
30%

28% 8% 20%
19%

P R China Australia India

Malaysia Philippines

50% 17% 22%

31%

17% 25% 32%

25%

8% 43%

25%

1,579 818

14% 15%
11%

30%
33%

808

635 23%
628

39%
30% -3% 14%

23% 17% 10%

16%

36% 31% 40%

34%

19% 13% 19%

18%

Japan USA
Hong Kong SAR Thailand

39% 30%
31%

589 478 430

425

8%

23% 0% 10% 20% 30%

36% 40% 50% 60%

16% 70% 80%

25% 90% 100%

Expenditure is estimated from Overseas Visitor Survey. Other TR components include expenditure on airfares, port taxes, local transportation, business, medical, education and trans visitors. it *Sightseeing & entertainment has been excluded in the country analysis due to commercial sensitivity of information.

Chart 4: Tourism Receipts by Major Components, Top 10 Markets, January-September 2011

Asias share of TR continues to grow, as western markets such as USA and UK, affected by poor economic conditions, showed a decline in their respective shares of TR.

All Tourism Receipts estimates are correct as at 12 December 2011.

2. International Visitor Arrivals

QUARTER THREE 2011 PERFORMANCE International Visitor Arrivals (IVA) for Q3 stood at close to 3.5 million, representing a 15% yearon-year growth. IVA for July 2011 was the highest ever recorded thus far for any single month. August and September have the highest recorded IVA for the respective months.
International Visitor Arrivals, January to September 2011
Jan-Sep 2011: 9.8 million (+15% vs Jan-Sep 2010)
1,400,000 1,200,000 1,000,000

JANUARY TO SEPTMBER 2011 PERFORMANCE

IVA: over 9.8 million (+15%)

IVA

800,000 600,000 400,000 200,000 IVA 2011 IVA 2010 % Change JAN 1,055,908 908,495 16% FEB 990,107 857,387 15% MAR 1,071,916 928,903 15% APR 1,103,065 939,013 17% MAY 1,054,018 946,676 11% JUN 1,079,959 951,032 14% JUL 1,273,846 1,095,047 16% AUG 1,178,429 996,899 18% SEP 1,033,608 947,585 9%

Chart 5: International Visitor Arrivals, January-September 2011

JANUARY TO SEPTEMBER 2011 PERFORMANCE Indonesia (1,925,000), P R China (1,230,000), Malaysia (817,000), Australia (717,000) and India (641,000) were Singapore's top five international visitor-generating markets for the period of January to September 20112. These markets accounted for 54% of total IVA for the period. P R China (+39%) and the Philippines (+30%) registered the highest percentage growth out of the top 15 markets for the period of January to September 2011.

International Visitor Arrivals, Top 15 Markets, January to September 2011

% Chg vs. 10 Indonesia +14 P R China +39 Malaysia +13 Australia +10 India +6 Philippines +30 Japan +23 Hong Kong SAR +25 Thailand +16 USA +6 UK -3 South Korea +14 Vietnam +3 Taiwan +25 Germany +4
0

Jan-Sep 2011: 9.8 million (+15% vs Jan-Sep 2010)

1,925 1,230

817 717 641

505 475 366 351 331 330 319 259 190 157
500 1000 1500 2000

'000s
2500

Source: Disembarkation/Embarkation cards

Chart 6: International Visitor Arrivals, Top 15 Markets, January-September 2011

Statistics on top international visitor-generating markets for Q3 can be found here: https://app.stb.gov.sg/asp/tou/tou0201.asp

3. Hotel Industry
QUARTER THREE 2011 PERFORMANCE Gazetted hotel room revenue for Q3 2011 came in at an estimated S$0.7 billion, representing an 18% year-on-year growth. July 2011 posted a record high AOR as IVA reached an all-time peak. With continued increase in IVA as a result of F1 and the accompanying events of the Grand Prix Season Singapore among others, September 2011 registered the highest REVPAR ever recorded. 2011 ARR AOR ($) (%) 227 82 229 83 240 87 239 86 244 85 250 88 245 94 239 85 271 87 RevPAR ($) 187 190 208 205 207 221 229 203 235 ARR ($) 189 200 206 213 214 222 215 225 243 2010 AOR (%) 81 80 89 86 87 89 88 83 81 RevPAR ($) 153 161 182 183 185 197 190 186 197
JANUARY TO SEPTEMBER 2011 PERFORMANCE
Gazetted hotel room revenue: S$1.9 billion (+31%) Highest AOR: July Highest ARR and RevPAR: September

January February March April May June July August September

Table 1: ARR, AOR & RevPAR, January to September 2010 & 2011

QUARTER THREE 2011 PERFORMANCE ACROSS HOTEL TIERS Average Room Rate (ARR3) stood at S$251 in Q3 2011, a year-on-year increase of 11%. Room rates for all hotel tiers increased, with the Upscale tier posting the highest growth rate at 11%. Average Occupancy Rate (AOR4) reached 88% in Q3 2011. Robust performance in ARR and AOR resulted in a 16% growth in Revenue Per Available Room (RevPAR5), which stood at S$222 in Q3 2011. The Upscale tier was the top performer in terms of RevPAR growth. Q3 2011 ARR OVERALL LUXURY UPSCALE MID-TIER ECONOMY
3 4

AOR % 11% 9% 11% 8% 3% % 88 82 90 88 86 % 4% pt 4% pt 7% pt 1% pt 0% pt $ 222 330 255 168 97

RevPAR % 16% 15% 20% 9% 2%

$ 251 404 282 191 112

Table 2: ARR, AOR and RevPAR, Q3 2011

Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 100 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 100 5 RevPAR = AOR x ARR

Note: The hotel tiering system is a reference system developed by the Singapore Tourism Board (STB) to categorise the different hotels in Singapore into tiers based on a combination of factors that include average room rates, location and product characteristics. Figures for the hotel industry are preliminary estimates, based on returns as at 26 November 2011. The current hotel tiers published are based on the hotels performance in 2010. The response rate across the tiers may vary. Luxury - Includes hotels in the luxury segment and are predominantly in prime locations and/or in historical buildings Upscale - Includes hotels in the upscale segment and are generally in prime locations or hotels with boutique positioning in prime or distinctive locations Mid-Tier - Includes hotels in the mid-tier segment and are primarily located in prime commercial zones or immediately outlying areas Economy - Includes hotels in the budget segment and are generally located in outlying areas

For more information, please contact: Siti Nurhidayati (Ms) Communications Division Singapore Tourism Board Tel: +65 6831 3416 Email: siti_nurhidayati@stb.gov.sg Or the STB Media Hotline at +65 9011 2071