Q1 2020 Report

TOURISMSECTORPERFORMANCE

2020Q1

EXECUTIVE SUMMARYThe tourism sector in Q1 2020 recorded declines in International Visitor Arrivals (IVA) and Tourism Receipts (TR) amid the COVID-19 pandemic. From January to March 2020, IVA declined 43.2 per cent over the same period last year to reach 2.7 million visitors.

TR reached S$4 billion, a decline of 39 per cent compared to the same period last year. The decrease in TR was observed across all TR components.

Gazetted hotel room revenue for Q1 2020 reached S$687.3 million, a year-on-year decline of 30.9 per cent. Average Occupancy Rate (AOR) dropped by 27.2 percentage points to 58.6 per cent while Average Room Rate (ARR) declined 1.2 per cent to S$215, resulting in a 32.5 per cent decline in RevPAR to reach S$126.

[Note: International visitor arrivals statistics up to May 2020 is now available here.]

NOTE TO EDITORSThis quarterly report provides a summary of key statistics on tourism receipts, international visitor arrivals and gazetted hotels. The analysis in this report is based on data from a variety of sources, including SG Arrival Cards (SGAC), Disembarkation/Embarkation (DE) Cards, the Overseas Visitors Survey (OVS) and the monthly hotel returns from gazetted hotels. Data derived from the OVS are subject to sampling error. Users are advised to exercise discretion when drawing any conclusions or inferences, or taking any action, based on the data. Data is correct as at the time of publishing.

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TOURISM SECTORPERFORMANCE

QUARTER ONE 2020 HIGHLIGHTS

TOURISMRECEIPTS

S$4 billion

year-on-year to reach

TR in Q1 2020 declined

-39%

INTERNATIONALVISITOR ARRIVALS

year-on-year to reach

2.7 million

-43.2%

IVA in Q1 2020 decreased by

S$687.3 million

year-on-year to reach

HOTELINDUSTRY

-30.9%

Gazetted hotel room revenue in Q1 2020 declined

Interact with International Visitor Arrivals and Hotel Data at: stan.stb.gov.sg

2020Q1

Source: SG Arrival Cards and Overseas Visitors Survey- Sightseeing, Entertainment & Gaming includes entrance fees to attractions and nightspots, expenditure on day-tours, leisure events as well as entertainment at the Integrated Resorts.- Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, as well as expenditure by business, medical, education and transit/transfer visitors.

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Tourism Receipts (TR) for the first quarter (Q1 2020) was estimated at S$4 billion, a 39 per cent decline over the same period last year. Expenditure for all components declined in

Q1 2020 - Shopping (-52%), SEG (-41%), F&B (-36%), Other TR Components (-34%) and Accommodation (-31%).

1 All Tourism Receipts estimates are correct as of July 2020.

TOURISM RECEIPTS BY MAJOR COMPONENTS1

TOURISM RECEIPTS: S$4 BILLION (-39% VS Q1 2019)All percentage changes are vs same period in 2019

QUARTER ONE 2020 PERFORMANCE

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TOURISM RECEIPTS

TOURISM SECTORPERFORMANCE

OTHER TR COMPONENTS

S$1,278m

S$376m

-34%

SIGHTSEEING, ENTERTAINMENT & GAMING

S$858m

SHOPPING

S$656m16%

21%

9%

21%

32%

% Share

FOOD & BEVERAGE

ACCOMMODATION

S$862m

-52%

-41%

-31%

-36%

2020Q1

QUARTER ONE 2020 PERFORMANCE

Excluding expenditure on Sightseeing, Entertainment & Gaming (SEG), Mainland China (S$471 mil l ion), Indonesia (S$421 million) and India (S$238 million) were the top three TR generating markets in Q1 2020, contributing to 37 per cent of TR (excluding SEG).

Among the top 10 TR markets, Mainland China, Indonesia and Japan registered the highest absolute year-on-year declines in TR (excluding SEG).

TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETSTOURISM RECEIPTS* :S$3.2 BILLION (-38.3% VS Q1 2019)

VA % Change

vs Q1 2019

TR % Change

vs Q1 20192020 TR*

(S$ million)

-43%

-65%

-39%

-43%

-22%

-45%

-36%

-30%

-48%

-39%

-42%

-38%

-57%

-43%

-31%

-27%

-43%

-39%

-29%

-33%

-24%

-26%

Overall

China

Indonesia

India

Australia

Japan

USA

UK

Malaysia

Vietnam

Philippines

3,171

471

421

238

225

164

134

130

107

99

97

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

SHOPPING ACCOMMODATION FOOD & BEVERAGE OTHER TR COMPONENTS

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

q

21% 27% 12% 40%

40%

25%

21%

11%

14%

10%

6%

25%

21%

21%

16%

34%

32%

30%

37%

33%

20%

19%

29%

8%

13%

11%

8%

15%

13%

11%

14%

15%

51%

32%

46%

47%

38%

48%

44%

46%

35%

20% 8% 31%

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TOURISM RECEIPTS

INDONESIA

S$421 million

1 CHINA

S$471 million

2

INDIA

S$238 million3

TOURISM SECTORPERFORMANCE

Expenditure is estimated from Overseas Visitors Survey.Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical, education and transit/transfer visitors.* Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information.

2020Q1

INTERNATIONALVISITOR ARRIVALS

Indonesia (443K), Mainland China (337K), Australia (204K), India (170K) and Malaysia (146K) were Singapore’s top five international visitor-generating markets in Q1 2020. These markets accounted for 49 per cent of total IVA in January to March 2020.

Largest absolute year-on-year declines were noted for Mainland China (-65%), Indonesia (-39%), and Malaysia (-48%).

% Change vs Q1 2019

-30%

-45%

-36%

-29%

-42%

-52%

-39%

-46%

-46%

-45%

-28%

UK

Japan

USA

Germany

Philippines

South Korea

Vietnam

Thailand

Taiwan

Hong Kong SAR

Others

0 100 200 300‘000s

q

q

q

q

q

q

q

q

q

q

q

IVA, TOP 15 MARKETS

Source: Disembarkation/Embarkation Cards and SG Arrival Card

1 INDONESIAq-39% 443,000

MALAYSIAq-48% 146,000

AUSTRALIAq-22% 204,000

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

132

122

121

95

93

88

72

62

61

57

458

JAN-MAR 2020: 2.7 MILLION (-43.2% VS JAN-MAR 2019)

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JANUARY TO MARCH 2020 PERFORMANCE

INTERNATIONAL VISITOR ARRIVALS (IVA)JAN-MAR 2020: 2.7 MILLION (-43.2% VS JAN-MAR 2019), VISITOR DAYS: 10.3 MILLION DAYS (-34.4%)

Singapore’s international visitor arrivals (IVA) stood at 2.7 million for January to March 2020, a 43.2 per cent year-on-year decline.

IVA 2019 (’000s) IVA 2020 (’000s)

1,565

240

1,499

733

1,625

TOURISM SECTORPERFORMANCE

1,688

CHINAq-65% 337,000

INDIAq-43% 170,000

400 500

2020Q1

HOTEL INDUSTRY

Gazetted hotel2 room revenue for Q1 2020 was S$687.3 million, a decline of 30.9 per cent year-on-year. Average Occupancy Rate (AOR3) was at 58.6 per cent in Q1 2020, a 27.2 percentage point decline compared to the same quarter

last year. Average Room Rate (ARR4) declined by 1.2 per cent to S$215, and Revenue per Available Room (RevPAR5) also dropped by 32.5 per cent year-on-year to S$126 in Q1 2020.

+65 6736 6622 +65 6736 9423 stb.gov.sgTourism Court 1 Orchard Spring Lane Singapore 247729

HOTEL INDUSTRY

2 Hotels figures are accurate as of 26 June 2020.3 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 1004 Standard ARR = [Total room revenue / Gross lettings] x 1005 RevPAR = AOR x ARR

S$ %p % %ptsp S$ %p

Overall 215 q-1.2 59 q-27.2 126 q-32.5

Luxury 453 0 61 q-27.1 278 q-30.6

Upscale 264 p+0.9 52 q-34.3 136 q-39.4

Mid-tier 165 q-0.9 60 q-27.5 99 q-31.9

Economy 108 p+3.5 60 q-20.6 65 q-22.9

Average Room Rate (ARR)

ARR, AOR and RevPAR, Q1 2020

Average Occupancy Rate (AOR) Revenue Per Available Room (RevPAR)

NOTE: The hotel tiering system is a reference system developed by the Singapore Tourism Board (STB) to categorise the different hotels in Singapore into tiers based on a combination of factors that include average room rates, location and product characteristics.

Figures for the hotel industry are preliminary estimates, based on returns as at 26 June 2020. The current hotel tiers published are based on the hotels’ performance in Q1 2020. The response rate across the tiers may vary. These figures exclude Stay-Home Notice (SHN)-related transactions by the Government.

Luxury – Includes hotels in the luxury segment and are predominantly in prime locations and/or in historical buildings

Upscale – Includes hotels in the upscale segment and are generally in prime locations or hotels with boutique positioning in prime or distinctive locations

Mid-Tier – Includes hotels in the mid-tier segment and are primarily located in prime commercial zones or immediately outlying areas

Economy – Includes hotels in the budget segment and are generally located in outlying areas

QUARTER ONE 2020 PERFORMANCE

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TOURISM SECTORPERFORMANCE