ASIA Travel Tips.com

(http://www.asiatraveltips.com)

In October 2008, visitor arrivals to Singapore reached 843,000, a decline of 8.1% compared to October 2007. Visitor days were estimated at 3.3 million days, an increase of 1.7% in comparison with October last year.

Indonesia (157,000), P.R. of China (76,000), Australia (76,000), India (67,000) and Malaysia (54,000) were Singapore’s top five visitor-generating markets. These markets accounted for 51% of total visitor arrivals for the month.

Since June 2008, Singapore has seen a decline in visitor arrivals. This reflects the impact of the current global economic slowdown on consumer sentiments and discretionary spending. Visitor arrivals and tourism receipts are expected to fall short of the 2008 targets of 10.8 million and Sin$15.5 billion respectively.

Singapore gazetted hotels were estimated to generate Sin$178 million in room revenue, representing a decline of 0.3% versus October 2007.

The Average Room Rate (ARR) in October 2008 was estimated at Sin$241, representing an increase of 8.4% over October 2007. The Average Occupancy Rate (AOR) for gazetted hotels was estimated to reach 82% in October 2008, posting a 6.8 percentage point decrease over October 2007. Revenue Per Available Room (Revpar) grew by 0.1% to reach Sin$199 for October 2008.

Also see: Singapore Visitor Arrivals for September 2008 and other recent news regarding: Airlines, Aviation, Flights, Hotels, Promotions, New Hotels, Singapore, Visitor Arrivals, October 2008