SINGAPORE earned an estimated S$22.2 billion (US$17.8 billion) in tourism receipts for 2011, while 13.2 million overseas visitors were recorded for the year—both new records, according to the latest figures from the Singapore Tourism Board.
The figure for tourism receipts met the forecasted range of S$22-24 billion. All major components saw year-on-year growth, with Sightseeing & Entertainment recording the highest growth (+37 per cent).
The 13.2 million International Visitor Arrivals (IVA) registered in 2011 exceeded the forecasted range of 12-13 million.
Indonesia (2,592,000), China (1,577,000), Malaysia (1,141,000), Australia (956,000) and India (869,000) were Singapore’s top five international visitor-generating markets.
Seventy-six per cent of total IVA came from Asia (including South-east Asia, North Asia, South Asia and West Asia, excluding Oceania). IVA from Europe saw a two per cent increase despite a four per cent drop in IVA from the UK.
Gazetted hotel room revenue for 2011 came in at an estimated S$2.6 billion, representing a 27.8 per cent year-on-year hike.
ARR was S$245 in 2011, a year-on-year increase of 13 per cent. Room rates for all hotel tiers increased, with the upscale tier posting the highest growth rate of 14 per cent.
AOR reached 86 per cent in 2011.
Robust performance in ARR and AOR resulted in a 15 per cent growth in RevPAR, which stood at S$212 in 2011. The upscale tier was the top performer in terms of RevPAR growth.