Embed Size (px)
Citation preview
Q1 2017 Report
TOURISMSECTORPERFORMANCE
EXECUTIVE SUMMARY
The tourism sector saw good growth in Q1 2017. International Visitor Arrivals (IVA) increased 4 per cent over the same period in 2016 to reach 4.3 million visitors while Tourism Receipts (TR) grew by 15 per cent to reach $6.4 billion.
The strong growth in TR was due to higher visitor arrivals and growth in all major TR components, except Sightseeing, Entertainment & Gaming, which held steady.
Gazetted hotel room revenue was estimated at $0.8 billion for Q1 2017, a year-on-year decline of 1.3 per cent. Average Occupancy Rate (AOR) grew by 1.3 per cent year-on-year while Revenue per Available Room (RevPar) declined by 1.2 per cent year-on-year due to a lower Average Room Rate (ARR).
NOTE TO EDITORSThis 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. Data is correct as at the time of publishing.
Download Monthly International Visitor Arrivals and Hotel statistics: https://www.stb.gov.sg/statistics-and-market-insights/Pages/statistics-Visitor-Arrivals.aspx
2
TOURISMSECTORPERFORMANCE
Q12017
QUARTER ONE 2017 HIGHLIGHTS
S$0.8 billion
year-on-year to
HOTELINDUSTRY
-1.3%
year-on-year to reach
4.3 million
INTERNATIONALVISITOR ARRIVALS
+4%
TOURISMRECEIPTS
S$6.4 billion
year-on-year to reach
TR in Q1 2017 grew by
IVA in Q1 2017 increased by
Gazetted hotel room revenue in Q1 2017 fell by
+15%
TOURISM RECEIPTS
3
TOURISMSECTORPERFORMANCE
Q12017
Tourism Receipts (TR) for the first quarter (Q1 2017) was estimated at S$6.4 billion, a 15 per cent growth over the same period last year. TR grew across all major components,
except Sightseeing, Entertainment & Gaming, which held steady.
1 All Tourism Receipts estimates are correct as of July 2017.
Source: Disembarkation/Embarkation Cards and Overseas Visitor Survey- Sightseeing, Entertainment & Gaming includes entrance fees to attractions and nightspots, expenditure on day-tours, leisure events as well as entertainment at the Integrated Resorts.- Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical, education and transit visitors.
TOURISM RECEIPTS BY MAJOR COMPONENTS1
TOURISM RECEIPTS: S$6.4 BILLION (+15% VS Q1 2016)All percentage changes are vs same period in 2016
QUARTER ONE 2017 PERFORMANCE
25%
24%
11%
17%
23%
% Share
ACCOMMODATION
S$1,547m
SIGHTSEEING, ENTERTAINMENT & GAMING
S$1,080m
FOOD & BEVERAGE
S$693m
OTHER TR COMPONENTS
S$1,472m
18%
14%
0%
7%
SHOPPING
S$1,600m 38%
Expenditure is estimated from Overseas Visitor Survey.Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical, education and transit visitors.* Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information.
2 All tourism receipts are correct as at July 2017.
QUARTER ONE 2017 PERFORMANCE
Excluding expenditure on Sightseeing, Entertainment & Gaming (SEG), China (S$1,075 million), Indonesia (S$688 million) and India (S$302 million) were the top three TR generating markets in Q1 2017.
TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETS2
TOURISM RECEIPTS
4
TOURISMSECTORPERFORMANCE
Q12017
INDONESIA
INDIA
CHINA
S$1,075m
S$688m
S$302m
1
2
3
VA % Changevs 2016
TR % Changevs 2016
2017 TR*(S$ million)
+4%
+14%
+2%
+7%
+6%
+1%
+1%
+11%
-5%
+5%
+6%
+19%
+30%
+16%
0%
+4%
-4%
+37%
+17%
+6%
+2%
+13%
Overall
China
Indonesia
India
Australia
Japan
Malaysia
USA
South Korea
UK
Phillippines
5,312
1,075
688
302
280
259
209
180
177
171
169
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
SHOPPING ACCOMMODATION FOOD & BEVERAGE OTHER TR COMPONENTS
p
p
p
p
p
p
p
p
q
p
p
p
p
p
p
q
p
p
p
p
p
30% 29% 13% 28%
42%
34%
22%
19%
21%
38%
18%
24%
17%
22%
17%
34%
29%
36%
23%
40%
35%
38%
33%
9%
15%
13%
9%
12%
16%
13%
13%
19%
40%
30%
38%
35%
28%
26%
28%
31%
25%
26% 9% 22%
TOURISM RECEIPTS:$6.4 BILLION (+15% VS Q1 2016)
INTERNATIONALVISITOR ARRIVALS
5
TOURISMSECTORPERFORMANCE
Q12017
In Q1 2017, Singapore’s international visitor arrivals (IVA) grew by 4 per cent year-on-year to reach 4.3 million.
China (851,000), Indonesia (720,000), Malaysia (275,000), Australia (272,000), and India (241,000) were Singapore’s top five international visitor-generating markets in Q1 2017. These markets accounted for 55 per cent of total IVA during this period.
China (+14%), India (+7%) and Indonesia (+2%) registered the largest absolute year-on-year growth while Hong Kong (-29%), Thailand (-7%) and South Korea (-5%) posted year-on-year declines.
% Changevs 2016
+1%
-5%
+6%
+5%
+11%
-7%
+3%
+10%
-4%
-29%
Japan
South Korea
Phillippines
UK
USA
Thailand
Germany
Vietnam
Taiwan
Hong Kong SAR
0 100 200 300 400 500‘000s
p
q
p
p
p
q
p
p
q
q
% Change VS 2016 IVA 2016 (’000s) IVA 2017 (’000s)
3 Visitor arrival figures quoted are rounded to the nearest thousands.
JANUARY TO MARCH 2017 PERFORMANCE
INTERNATIONAL VISITOR ARRIVALS (IVA)3
IVA, TOP 15 MARKETS
CHINAp+14% 851,000INDONESIAp+2% 720,000MALAYSIAp+1% 275,000AUSTRALIAp+6% 272,000INDIAp+7% 241,000
Source: Disembarkation/Embarkation Cards
1
2
3
4
5
1,407
5%
1,480
1,335
2%
1,361
1,412
5%
1,480
6
7
8
9
10
11
12
13
14
15
208
164
159
159
153
122
121
108
103
101
JAN-MAR 2017: 4.3 MILLION (+4% VS JAN-MAR 2016), VISITOR DAYS: 14.6 MILLION DAYS (+2%)
JAN-MAR 2017: 4.3 MILLION (+4% VS JAN-MAR 2016), VISITOR DAYS: 14.6 MILLION DAYS (+2%)
HOTEL INDUSTRY
6
TOURISMSECTORPERFORMANCE
Q12017
Gazetted hotel room revenue4 for Q1 2017 came in at an estimated S$0.8 billion, a decline of 1.3 per cent year-on-year. Average Occupancy Rate (AOR5) came in at 86 per cent in Q1 2017, a 1.3 percentage point increase compared with the same
quarter last year while Average Room Rate (ARR6) declined by 2.8 per cent to $233 in Q1 2017. Revenue per Available Room (RevPAR7) slipped 1.2 per cent year-on-year to $199 in Q1 2017 due mainly to a lower ARR.
+65 6736 6622+65 6736 9423stb.gov.sg
Tourism Court 1 Orchard Spring Lane Singapore 247729
QUARTER ONE 2017 PERFORMANCE
4 Estimates based on Monthly Hotel Returns as at 29 June 2017, covering 77% of all gazetted hotel rooms.5 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 1006 Standard ARR = [Total room revenue / Gross lettings] x 1007 RevPAR = AOR x ARR
$ % % %pts $ %
Overall 233 q -2.8 86 p +1.3 199 q -1.2
Luxury 463 p +4.3 86 q -0.4 397 p +3.7
Upscale 252 q -4.9 88 p +2.7 223 q -1.9
Mid-tier 165 q -3.9 86 q -0.1 141 q -4.0
Economy 98 q -2.4 81 p +5.4 79 p +4.6
Average Room Rate (ARR)
ARR, AOR and RevPAR, Q1 2017
Average Occupancy Rate (AOR) Revenue Per Available Room (RevPAR)
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 June 2017. The current hotel tiers published are based on the hotels’ performance in 2016. 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
HOTEL INDUSTRY
