Singapore visitor arrivals and tourism spending increase in Q2 2013

Singapore visitor arrivals and tourism spending increase in Q2 2013

SINGAPORE - Singapore recorded 3.9 million international visitor arrivals in the second quarter of 2013, representing a 10 per cent year-on-year growth, said the Singapore Tourism Board (STB) on Wednesday in its latest tourism sector performance report.

Get the full story from The Straits Times.

Here is the executive summary by Singapore Tourism Board:

Singapore continues to be an attractive destination in Quarter Two (Q2) 2013. International Visitor Arrivals (IVA) stood at 3.9 million, representing a strong 10 per cent year-on-year growth, while Tourism Receipts (TR) increased by 2 per cent to S$5.6 billion.

Growth in Q2 2013 was driven mainly by the strong 16 per cent increase in Leisure visitor arrivals. This resulted in an 11 per cent increase in Tourism Receipts for leisure excluding Sightseeing & Entertainment (including gaming) expenditure.

For the BTMICE segment, visitor arrivals picked up in Q2 2013 with a 5 per cent year-on-year growth. However, Tourism Receipts for business travel, excluding Sightseeing & Entertainment (including gaming) expenditure, registered a 9 per cent drop with a relatively uniform decline across all major components, as businesses continue to cut back on travel budgets.

For January to June 2013, overall TR came in at S$11.3 billion, registering a 2 per cent decline over the same period last year, largely due to Q1's weaker performance (-6 per cent). IVA stood at 7.7 million, representing a 9 per cent year-on-year growth.

Gazetted hotel room revenue came in at an estimated S$0.7 billion (+3.8 per cent) in Q2 2013 and S$1.4 billion (+2.3 per cent) for January to June 2013.

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