ASIA Travel Tips.com

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In February 2008, Singapore welcomed 811,000 visitors, representing a growth of 7% compared to the same month a year ago. This is a new record for visitor arrivals for the month of February. Visitor days were estimated to reach 3.2 million days, an increase of 20.2% in comparison to February 2007. 

Indonesia (125,000), P.R. China (121,000), Australia (52,000), UK (51,000) and Malaysia (50,000) were Singapore’s top five visitor-generating markets. These markets accounted for 49% of total visitor arrivals for the month. China surpassed 120,000 visitors, an all-time record achieved across any given month.

Singapore gazetted hotels were estimated to reap Sin$174m in room revenue, representing a growth of 43.5% when compared with February 2007.

The Average Room Rate (ARR) in February 2008 was estimated at Sin$256, setting an all-time record and representing an increase of 43.7% over February 2007. The Average Occupancy Rate (AOR) for hotels was estimated to reach 79% in February 2008, posting a 3.8 percentage point decrease over February 2007.

See also: Singapore Visitor Arrivals for January 2008 and other recent news regarding: Airlines, Aviation, Hotels, Singapore, Visitor Arrivals