Q1 2018 Report

TOURISMSECTORPERFORMANCE

EXECUTIVE SUMMARYIn the first quarter of 2018, International Visitor Arrivals (IVA) grew by 7.3 per cent over the same period last year to reach 4.6 million visitors.

Tourism Receipts (TR) held steady at S$6.7 billion (-0.5%). This was due to lower expenditure across some components including Shopping, Accommodation and Food & Beverage.

Gazetted hotel room revenue for Q1 2018 was estimated at S$1.0 billion, a growth of 8.5 per cent year-on-year. The Revenue per Available Room (RevPar) increased by 4.0 per cent year-on-year due to a higher Average Room Rate and Average Occupancy rate.

Note: International visitor arrivals statistics up to June 2018 is now available here.

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

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TOURISM SECTORPERFORMANCE2018

Q1

QUARTER ONE 2018 HIGHLIGHTS

TOURISMRECEIPTS

S$6.7 billion

year-on-year to reach

TR in Q1 2018 held steady at

-0.5%

INTERNATIONALVISITOR ARRIVALS

year-on-year to reach

4.6 million

+7.3%

IVA in Q1 2018 increased by

S$1.0 billion

year-on-year to reach

HOTELINDUSTRY

+8.5%

Gazetted hotel room revenue in Q1 2018 grew

OTHER TR COMPONENTS

S$1,801m

ACCOMMODATION

S$1,334m -13%

S$589m -16%

+22%

SIGHTSEEING, ENTERTAINMENT & GAMING

S$1,498m +6%

SHOPPING

S$1,467m -9%

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Tourism Receipts (TR) for the first quarter (Q1 2018) held steady at S$6.7 billion (-0.5%). While Sightseeing, Entertainment and Gaming (+6%) and Other TR components

(+22%) expenditures grew, Shopping (-9%), Accommodation (-13%) and Food & Beverage (-16%) declined.

1 All Tourism Receipts estimates are correct as of June 2018.

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 COMPONENTSTOURISM RECEIPTS: S$6.7 BILLION (-0.5% VS Q1 2017)All percentage changes are vs same period in 2017

QUARTER ONE 2018 PERFORMANCE1

22%

20%

9%

22%

27%

% Share

3

TOURISM RECEIPTS

FOOD & BEVERAGE

TOURISM SECTORPERFORMANCE2018

Q1

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.

QUARTER ONE 2018 PERFORMANCE

Excluding expenditure on Sightseeing, Entertainment & Gaming (SEG), China (S$1.0 billion), Indonesia (S$0.7 billion) and India (S$0.3 billion) were the top three TR generating markets in Q1 2018, contributing 39 per cent of TR (excluding SEG).

Among the top 10 TR markets, India, UK and Malaysia registered the highest absolute year-on-year growth in TR (excluding SEG).

TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETSTOURISM RECEIPTS* :S$5.2 BILLION (-2.3% VS Q1 2017)

VA % Changevs 2017

TR % Changevs 2017

2018 TR*(S$ million)

+7%

+10%

+3%

+22%

-3%

+3%

+2%

+11%

+13%

+8%

-4%

-2%

-1%

-4%

+11%

+4%

+3%

+7%

+9%

+1%

-1%

-14%

Overall

China

Indonesia

India

Australia

Japan

Malaysia

UK

USA

South Korea

Philippines

5,191

1,047

652

330

279

253

220

211

203

193

144

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

SHOPPING ACCOMMODATION FOOD & BEVERAGE OTHER TR COMPONENTS

p

p

p

p

q

p

p

p

p

p

q

q

q

q

p

p

p

p

p

p

q

q

28% 26% 11% 35%

51%

30%

20%

16%

19%

34%

10%

14%

14%

25%

15%

39%

30%

32%

25%

32%

36%

29%

32%

9%

12%

15%

11%

11%

10%

12%

11%

16%

46%

28%

39%

38%

30%

48%

37%

45%

27%

19% 7% 23%

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TOURISM RECEIPTS

INDONESIA

S$0.7 billion

1 CHINA

S$1.0 billion

2

INDIA

S$0.3 billion3

TOURISM SECTORPERFORMANCE2018

Q1

INTERNATIONALVISITOR ARRIVALS

2 Visitor arrival figures quoted are rounded to the nearest thousands.

China (0.9 million), Indonesia (0.7 million), India (0.3 million), Malaysia (0.3 million) and Australia (0.3 million) were Singapore’s top five international visitor-generating markets in Q1 2018. These markets accounted for 54 per cent of total IVA for the same period.

China (+10%), India (+22%), and Indonesia (+4%) registered the largest absolute year-on-year growth while Germany (-7%), Australia (-3%) & Philippines (-4%) posted the largest absolute year-on-year declines.

% Changevs 2017

+3%

+8%

+11%

+13%

-4%

-2%

+11%

+10%

-7%

+7%

Japan

South Korea

UK

USA

Philippines

Thailand

Vietnam

Taiwan

Germany

Hong Kong SAR

0 50 100 200 300 400‘000s

p

p

p

p

q

q

p

p

q

p

IVA, TOP 15 MARKETS2

CHINAp+10% 933,000INDONESIAp+4% 747,000INDIAp+22% 295,000MALAYSIAp+3% 282,000AUSTRALIAq-3% 265,000

Source: Disembarkation/Embarkation Cards

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

215

178

177

173

153

120

120

113

112

108

JAN-MAR 2018: 4.6 MILLION (+7.3% VS JAN-MAR 2017)

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JANUARY TO MARCH 2018 PERFORMANCE

INTERNATIONAL VISITOR ARRIVALS (IVA)JAN-MAR 2018: 4.6 MILLION (+7.3% VS JAN-MAR 2017), VISITOR DAYS: 15.4 MILLION DAYS (+6%)

In Q1 2018, Singapore’s International Visitor Arrivals (IVA) grew by 7.3 per cent year-on-year to reach 4.6 million.

% Change VS 2017 IVA 2017 (’000s) IVA 2018 (’000s)

1,480

7%

1,583

1,361

10%

1,492

1,480

6%

1,563

TOURISM SECTORPERFORMANCE2018

Q1

HOTEL INDUSTRY

Gazetted hotel room revenue for Q1 2018 came in at an estimated S$1.0 billion, an increase of 8.5 per cent year-on-year. Average Occupancy Rate (AOR3) came in at 86.1 per cent in Q1 2018, a 1.4 percentage point increase compared

with the same quarter last year. Average Room Rate (ARR4) increased 2.3 per cent to S$222 while Revenue per Available Room (RevPAR5) increased 4.0 per cent year-on-year to reach S$191 in Q1 2018.

+65 6736 6622 +65 6736 9423 stb.gov.sgTourism Court 1 Orchard Spring Lane Singapore 247729

HOTEL INDUSTRY

3 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 1004 Standard ARR = [Total room revenue / Gross lettings] x 1005 RevPAR = AOR x ARR

S$ % % %pts S$ %

Overall 222 p+2.3 86.1 p+1.4 191 p+4.0

Luxury 450 q-2.6 87.7 p+1.8 395 q-0.6

Upscale 267 p+5.9 86.6 q-1.2 232 p+4.5

Mid-tier 169 p+3.1 87.1 p+2.2 147 p+5.8

Economy 105 p+5.8 82.6 p+2.2 87 p+8.6

Average Room Rate (ARR)

ARR, AOR and RevPAR, Q1 2018

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 12 June 2018. 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

QUARTER ONE 2018 PERFORMANCE

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TOURISM SECTORPERFORMANCE2018

Q1