Friday, April 24, 2009

Singapore's March performance reflects continuous downward trend

SINGAPORE’S tourism performance continues to tumble in March, with declining figures reflected in all indicators, according to the Singapore Tourism Board's latest release.

Visitor arrivals registered a decline of 13.3 per cent year-on-year to reach 790,000 and visitor days went down 11 per cent.

Singapore’s top five source markets, Indonesia, China, Malaysia, Australia and the UK accounted for 49 per cent of total arrivals that month.

Visitor arrivals in 12 out of the top 15 markets decreased compared to the same month last year, reflecting the impact of the current global economic slowdown on consumer spending.

Hotel performance was also less rosy. Room revenue fell 33.3 per cent to hit S$125 million (US$83.1 million), and revenue per available room decreased 30.9 per cent to reach S$145.

Average room rate dipped further from S$205 in February to $196, a 18.5 per cent decrease over the same period last year.

Average occupancy rate was estimated to reach 74 per cent, posting a 13.1 percentage point decrease.

Source : TTG
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