Q1 2019 Report

TOURISMSECTORPERFORMANCE

EXECUTIVE SUMMARYIn the first quarter of 2019 (Q1), IVA grew 1.0 per cent year-on-year to reach 4.7 million visitors. TR totalled $6.5 billion in Q1 2019, a 4.8 per cent decline over the same period last year. Gazetted hotel room revenue for Q1 2019 came in at an estimated S$1.0 billion, a 4.3 per cent year-on-year increase.

Note: International visitor arrivals statistics up to June 2019 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 SECTORPERFORMANCE2019

Q1

QUARTER ONE 2019 HIGHLIGHTS

TOURISMRECEIPTS

S$6.5 billion

year-on-year to reach

TR in Q1 2019 declined

-4.8%

INTERNATIONALVISITOR ARRIVALS

year-on-year to reach

4.7 million

+1.0%

IVA in Q1 2019 increased by

S$1.0 billion

year-on-year to reach

HOTELINDUSTRY

+4.3%

Gazetted hotel room revenue in Q1 2019 grew

Source: Disembarkation/Embarkation Cards and Overseas Visitors 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, as well as expenditure by business, medical, education and transfer/ transit visitors.

OTHER TR COMPONENTS

S$1,865m

ACCOMMODATION

S$1,256m -12%

S$588m -7%

+2%

SIGHTSEEING, ENTERTAINMENT & GAMING

S$1,457m -3%

SHOPPING

S$1,371m -7%

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Tourism Receipts (TR) for the first quarter (Q1 2019) was estimated at S$6.5 billion, a 4.8 per cent decline over the same period last year. All major components (except Other

TR Components) recorded declines in Q1 2019 – Accommodation (12%), Food & Beverage (7%), Shopping (7%) and Sightseeing, Entertainment & Gaming (3%).

1 All Tourism Receipts estimates are correct as of July 2019.

TOURISM RECEIPTS BY MAJOR COMPONENTS1

TOURISM RECEIPTS: S$6.5 BILLION (-4.8% VS Q1 2018)All percentage changes are vs same period in 2018

QUARTER ONE 2019 PERFORMANCE

21%

19%

9%

22%

29%

% Share

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TOURISM RECEIPTS

FOOD & BEVERAGE

TOURISM SECTORPERFORMANCE2019

Q1

Expenditure is estimated from Overseas Visitors Survey.Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, as well as expenditure by business, medical, education and transfer/transit visitors.

* Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information.

QUARTER ONE 2019 PERFORMANCE

Excluding expenditure on Sightseeing, Entertainment & Gaming (SEG), China (S$1,093 million), Indonesia (S$732 million) and India (S$338 million) were the top three TR generating markets in Q1 2019, contributing to 43 per cent of TR (excluding SEG).

Among the top 10 TR markets, Indonesia, USA and Japan registered the highest absolute year-on-year growth in TR (excluding SEG).

TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETSTOURISM RECEIPTS* :S$5.1 BILLION (-5.4% VS Q1 2018)

VA % Change

vs Q1 2018

TR % Change

vs Q1 20182019 TR*

(S$ million)

+1%

+3%

-3%

+2%

-1%

+2%

+9%

+6%

+2%

0%

+5%

-5%

-1%

+7%

-6%

0%

+5%

+15%

-4%

+2%

-34%

-18%

Overall

China

Indonesia

India

Australia

Japan

USA

UK

South Korea

Malaysia

Philippines

5,080

1,093

732

338

302

286

217

180

174

155

129

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

SHOPPING ACCOMMODATION FOOD & BEVERAGE OTHER TR COMPONENTS

p

p

q

p

q

p

p

p

p

p

q

q

p

q

p

p

q

p

q

q

27% 25% 12% 37%

50%

29%

17%

14%

13%

12%

8%

13%

27%

25%

13%

36%

31%

30%

41%

36%

37%

16%

26%

8%

15%

12%

12%

14%

14%

11%

10%

16%

51%

33%

43%

45%

34%

42%

39%

47%

33%

17% 7% 25%

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TOURISM RECEIPTS

INDONESIA

S$732 million

1 CHINA

S$$1,093 million

2

INDIA

S$338 million3

TOURISM SECTORPERFORMANCE2019

Q1

INTERNATIONALVISITOR ARRIVALS

China (960K), Indonesia (725K), India (300K), Malaysia (283K) and Australia (263K) were Singapore’s top five international visitor-generating markets in Q1 2019. These markets accounted for 54 per cent of total IVA in January to March 2019.

Largest absolute year-on-year growths were noted in China (3%), Germany (19%) and USA (9%).

% Change vs Q1 2018

+2%

+9%

+6%

+2%

+5%

+19%

-1%

-6%

-1%

-4%

-1%

Japan

USA

UK

South Korea

Philippines

Germany

Vietnam

Thailand

Taiwan

Hong Kong SAR

Others

0 200 400 600 800‘000s

p

p

p

p

p

p

q

q

q

q

q

IVA, TOP 15 MARKETS

CHINAp+3% 960,000INDONESIAq-3% 725,000INDIAp+2% 300,000MALAYSIA

0% 283,000AUSTRALIAq-1% 263,000

Source: Disembarkation/Embarkation Cards

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

220

189

189

182

161

133

118

114

112

103

636

JAN-MAR 2019: 4.7 MILLION (+1.0% VS JAN-MAR 2018)

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JANUARY TO MARCH 2019 PERFORMANCE

INTERNATIONAL VISITOR ARRIVALS (IVA)JAN-MAR 2019: 4.7 MILLION (+1.0% VS JAN-MAR 2018), VISITOR DAYS: 15.7 MILLION DAYS (+2.0%)

Singapore’s international visitor arrivals (IVA) in 2019 stood at 4.7 million for January to March 2019, a 1.0 per cent year-on-year growth.

IVA 2018 (’000s) IVA 2019 (’000s)

1,584

1,5651,492

1,499

1,563

1,625

TOURISM SECTORPERFORMANCE2019

Q1

HOTEL INDUSTRY

Gazetted hotel room revenue for Q1 2019 came in at an estimated S$1.0 billion, a growth of 4.3 per cent year-on-year. Average Occupancy Rate (AOR3) was at 86 per cent in Q1 2019, a 0.6 percentage point marginal decrease compared to

the same quarter last year. Average Room Rate (ARR4) grew by 1.0 per cent to S$222 and Revenue per Available Room (RevPAR5) held steady at 0.3 per cent year-on-year to S$189 in Q1 2019.

+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+1.0 86 q-0.6 189 p+0.3

Luxury 458 p+1.2 89 p+1.6 408 p+3.1

Upscale 262 q-1.9 87 q-0.6 227 q-2.6

Mid-tier 167 q-1.2 88 p+0.5 147 q-0.6

Economy 110 p+7.0 79 q-3.3 87 p+2.8

Average Room Rate (ARR)

ARR, AOR and RevPAR, Q1 2019

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 Jun 2019. The current hotel tiers published are based on the hotels’ performance in 2017. 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 2019 PERFORMANCE

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