Shopping, F&B spend continue to plateau for S’pore tourism

Singapore welcomed 9.2 million international visitor arrivals (IVA) in 1H2018, up 7.7 per cent, albeit with a continued marginal dip in tourism receipts due to lower expenditure across components such as shopping and F&B, according to the latest Tourism Sector Performance Q2 2018 Report released by the Singapore Tourism Board (STB).

Lower shopping and F&B spend for Singapore in 1H2018

China (1.7 million), Indonesia (1.5 million), India (769,000), Malaysia (585,000) and Australia (533,000) were Singapore’s top five international visitor-generating markets in 2018, accounting for 56 per cent of total IVA in January to June 2018.

China (+11%), India (+16%) and Indonesia (+5%) registered the largest absolute year-on-year growth while Germany (-4%) was the only market recording an absolute year-on-year decline.

Tourism receipts reached S$13.4 billion (US$9.7 billion), a flat performance compared to the same period last year. This was due to lower expenditure across some components including shopping as well as F&B.

Excluding expenditure on sightseeing, entertainment and gaming (SEG), China, Indonesia and India were the top three tourism receipts generating markets in the quarter, contributing to 45 per cent of tourism receipts (excluding SEG).

Among the top 10 tourism receipt markets, China, Indonesia and India registered the highest absolute year-on-year growth in tourism receipts (excluding SEG).

Gazetted hotel room revenue for 1H2018 was estimated at S$1.9 billion, a growth of 8.5% year-on-year. AOR increased by 1.2 percentage points to 85% as ARR grew 1.9% to S$217, resulting in a 3.3% increase in RevPAR to reach S$186.

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