Singapore sets record with 13.2 m visitor arrivals in 2011

Singapore’s international visitor arrivals reached 13.2 million in 2011, a new high and exceeding the year’s forecast range of 12-13 million.

Indonesia (2,592,000), P.R. China (1,577,000), Malaysia (1,141,000), Australia (956,000) and India (869,000) were Singapore’s top five international visitor-generating markets for 2011. 76% of total arrivals came from Asia, including Southeast Asia, North Asia, South Asia and West Asia and excludes Oceania. Arrivals from Europe saw a 2% growth despite a 4% drop in arrivals from the UK.

Gazetted hotel room revenue for 2011 came in at an estimated Sin$2.6 billion, representing a 27.8% year-on-year growth.

Average Room Rate stood at Sin$245 in 2011, a year-on-year increase of 13%. Room rates for all hotel tiers increased, with the upscale tier posting the highest growth rate at 14%.

Average occupancy rate reached 86% in 2011, while robust performance in ARR and AOR resulted in a 15% growth in RevPAR, which stood at Sin$212 in 2011. The Upscale tier was the top performer in terms of RevPAR growth. Preliminary tourism receipts for 2011 were estimated at Sin$22.2 billion, charting a new high, and meeting the year’s forecast range of Sin$22 – Sin$24 billion. All preliminary TR components saw year-on-year growth, with sightseeing and entertainment recording the highest growth of 37%.