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In September 2006, Singapore welcomed 715,000 visitors, registering a
1.4% growth over the same period a year ago. Visitor days were estimated
to reach 2.6 million, an increase of 7.4% in comparison to September 2005. This was partly because the delegates of the Singapore
2006 International Monetary Fund (IMF) and World Bank Group Boards of Governors Annual Meetings (S2006) stayed longer than the average
visitor length of stay of 3.38 days for 2005.
Indonesia (136,000), P.R. China (64,000), Australia (59,000), Japan
(51,000) and India (49,000) were Singapore’s top five visitor-generating
markets in September 2006. These markets accounted for 50% of total visitor arrivals for the month.
Total hotel room revenue registered a strong growth of 24.4% over last
September at Sin$128.2 million, despite a 3.8 percentage point decline in
Average Occupancy Rate (AOR) for hotels at 82%.
This growth was due in part to the record high Average Room Rate
(ARR) of Sin$190 achieved in September 2006, an increase of 37.5% over September
2005. This is the highest ARR achieved for any month since 1995. The last record was in February 2006 at
Sin$175.
Both the staging of S2006 in Singapore and the general upward trend in
hotel room rates, have contributed to the bullish hotel performance for September 2006.
See
also:
Singapore
Visitor Arrivals for August 2006
See
other recent news regarding:
Singapore,
Visitor
Arrivals
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