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Q4 2017 Report
TOURISMSECTORPERFORMANCE
EXECUTIVE SUMMARYThe tourism sector in 2017 attained record highs in Tourism Receipts and International Visitor Arrivals for the second time in two years. From January to December 2017, International Visitor Arrivals (IVA) increased 6 per cent over the same period last year to reach 17.4 million visitors. Tourism Receipts TR) also grew 4 per cent to reach $26.8 billion.
The growth in 2017 TR came on the back of higher expenditure across most major components including Sightseeing, Entertainment & Gaming (SEG), Shopping, and Accommodation.
Gazetted hotel room revenue was estimated at $3.7 billion for 2017, a year-on-year growth of 3.9 per cent.
In the fourth quarter of 2017 (Q4), IVA grew 10 per cent year-on-year to reach 4.4 million visitors. TR in Q4 2017 grew 1 per cent over the same period last year to reach $6.5 billion. Gazetted hotel room revenue for Q4 2017 came in at an estimated S$0.9 billion, a 5.7 per cent year-on-year increase.
[Note: International visitor arrivals statistics up to February 2018 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 Disembarkation/Embarkation 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
Download Monthly International Visitor Arrivals and Hotel statistics: https://www.stb.gov.sg/statistics-and-market-insights/Pages/statistics-Visitor-Arrivals.aspx
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TOURISMSECTORPERFORMANCE
Q42017
QUARTER FOUR 2017 HIGHLIGHTS
S$3.7 billion
S$0.9billion
year-on-year to reach
year-on-year to reach
HOTELINDUSTRY
+3.9%
+5.7%
INTERNATIONALVISITOR ARRIVALS
year-on-year to reach
year-on-year to reach
17.4 million
4.4 million
+6%
+10%
TOURISMRECEIPTS
S$26.8 billion
S$6.5 billion
year-on-year to reach
year-on-year to reach
TR in 2017 increased
TR in Q4 2017 increased
IVA in 2017 increased by
IVA in Q4 2017 increased by
Gazetted hotel room revenue in 2017 grew
Gazetted hotel room revenue in Q4 2017 grew
+4%
+1%
QU
AR
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20
17 H
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LIG
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FULL
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2017
HIG
HLI
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TOURISM RECEIPTS
3
Tourism Receipts (TR) for the fourth quarter (Q4 2017) was estimated at S$6.5 billion, a 1 per cent increase over the same period last year. Accommodation (+2%), Sightseeing,
Entertainment and Gaming (+2%) and Other TR components (+17%) grew while Shopping (-10%) and Food & Beverage (-4%) expenditures declined.
1 All Tourism Receipts estimates are correct as of April 2018.
Source: Disembarkation/Embarkation Cards and Overseas Visitor 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, business, medical, education and transit visitors.
TOURISM RECEIPTS BY MAJOR COMPONENTS1
TOURISM RECEIPTS: S$6.5 BILLION (+1% VS Q4 2016)All percentage changes are vs same period in 2016
QUARTER FOUR 2017 PERFORMANCE
22%
22%
10%
22%
24%
% Share
ACCOMMODATION
S$1,428m
FOOD & BEVERAGE
S$617m
OTHER TR COMPONENTS
S$1,578m
+2%
-4%
+17%
SIGHTSEEING, ENTERTAINMENT & GAMING
S$1,395m+2%
SHOPPING
S$1,445m -10%
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TOURISMSECTORPERFORMANCE
Q42017
Expenditure is estimated from Overseas Visitor Survey.Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical, education and transit visitors.* Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information.
2 All tourism receipts are correct as at April 2018.
QUARTER FOUR 2017 PERFORMANCE
Excluding expenditure on Sightseeing, Entertainment & Gaming (SEG), China (S$0.9 billion), Indonesia (S$0.7 billion) and India (S$0.4 billion) were the top three TR generating markets in Q4 2017, contributing 40 per cent of TR (excluding SEG).
Among the top 10 TR markets, China, Thailand and South Korea registered the highest absolute year-on-year growth in TR (excluding SEG).
TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETS2
TOURISM RECEIPTS
INDONESIA
INDIA
CHINA
S$0.9 billion
S$0.7 billion
S$0.4 billion
1
2
3
TOURISM RECEIPTS* :S$5.1 BILLION (+1% VS Q4 2016)
VA % Changevs 2016
TR % Changevs 2016
2017 TR*(S$ million)
+10%
+25%
+3%
+15%
+7%
+4%
+7%
+8%
+5%
+2%
+36%
+1%
+29%
-13%
+3%
+6%
+6%
-18%
+4%
-2%
+19%
+17%
Overall
China
Indonesia
India
Australia
Malaysia
Japan
USA
Philippines
Thailand
South Korea
5,067
936
669
432
320
245
195
185
167
165
157
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
SHOPPING ACCOMMODATION FOOD & BEVERAGE OTHER TR COMPONENTS
p
p
p
p
p
p
p
p
p
p
p
p
p
q
p
p
p
p
p
q
p
p
29% 28% 12% 31%
44%
31%
19%
20%
32%
21%
10%
27%
24%
17%
22%
37%
35%
21%
48%
44%
25%
25%
44%
12%
12%
16%
11%
12%
16%
13%
14%
11%
36%
31%
29%
36%
19%
30%
35%
38%
28%
18% 6% 33%
TOURISMSECTORPERFORMANCE
Q42017
4
Tourism Receipts (TR) for January to December were estimated at S$26.8 billion, a 4 per cent growth over the same period last year. Sightseeing, Entertainment & Gaming (+5%), Shopping (+4%),
Accommodation (+2%) and Other TR Components (+11%) expenditures grew, while Food & Beverage expenditure declined (-5%).
Excluding expenditure on Sightseeing, Entertainment & Gaming (SEG), China (S$4.2 billion), Indonesia (S$2.7 billion) and India (S$1.6 billion) were the top three TR generating markets for January to December
2017, contributing 40 per cent to total TR (excluding SEG).Among the top ten TR markets, China, Vietnam and Malaysia registered the highest absolute year-on-year growth in TR (excluding SEG).
Expenditure is estimated from Overseas Visitor Survey.– Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical, education and transit visitors.* Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information.
3 All Tourism Receipts estimates are correct as at April 2018.
TOURISM RECEIPTS
TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETSTOURISM RECEIPTS* :S$21.2BILLION (+4% VS JAN-DEC 2016)
Source: Disembarkation/Embarkation Cards and Overseas Visitors Survey– Sightseeing, Entertainment & Gaming includes entrance fees to attractions and nightspots, expenditure on day-tours, leisure events and entertainment at the Integrated Resorts.– Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical, education and transit visitors.
JANUARY TO DECEMBER 2017 PERFORMANCE
TOURISM RECEIPTS BY MAJOR COMPONENTS3
TOURISM RECEIPTS:S$26.8 BILLION (+4% VS JAN-DEC 2016)
% Changevs 2016
+4%
+2%
-5%
+5%
+11%
2017 TRS$ million % Share
23%
22%
10%
21%
24%
6,172
6,016
2,649
5,618
6,352
S$ Millions 0 2 ,000 4,000 6,000
p
p
q
p
p
Q1 1,611 Q2 1,598
Q1 1,525 Q2 1,404
Q1 1,414 Q2 1,483
Q1 1,475 Q2 1,491
Q1 700 Q2 705 Q3 628Q4 617
SHOPPING
ACCOMMODATION
FOOD & BEVERAGE
SIGHT SEEING, ENTERTAINMENT & GAMING
OTHER TR COMPONENTS
VA % Changevs 2016
TR % Changevs 2016
2017 TR*(S$ million)
+6%
+13%
+2%
+16%
+5%
+1%
+1%
+6%
+9%
+13%
+11%
+4%
+19%
-7%
+5%
-5%
+19%
-24%
+10%
+12%
+32%
-1%
Overall
China
Indonesia
India
Australia
Malaysia
Japan
Philippines
USA
Vietnam
South Korea
21,189
4,213
2,667
1,639
1,113
930
805
786
724
683
631
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
SHOPPING ACCOMMODATION FOOD & BEVERAGE OTHER TR COMPONENTS
p
p
p
p
p
p
p
p
p
p
p
p
p
q
p
q
p
q
p
p
p
q
29% 28% 13% 30%
42%
33%
19%
21%
32%
26%
24%
16%
33%
22%
19%
35%
34%
21%
44%
28%
38%
23%
40%
10%
13%
15%
11%
12%
16%
15%
11%
13%
37%
33%
30%
36%
18%
32%
32%
33%
25%
22% 7% 29%
TOURISMSECTORPERFORMANCE
Q42017
5
Q3 1,519 Q4 1,445
Q3 1,660 Q4 1,428
Q3 1,327 Q4 1,395
Q4 1,578Q2 1,808
INTERNATIONALVISITOR ARRIVALS
4 Visitor arrival figures quoted are rounded to the nearest thousands.5 For 2017, the seven markets that saw record highs in visitor arrivals are China, India, Vietnam, Philippines, US, UK and Germany
JANUARY TO DECEMBER 2017 PERFORMANCE
INTERNATIONAL VISITOR ARRIVALS (IVA)JAN-DEC 2017: 17.4 MILLION (+6% VS JAN-DEC 2016), VISITOR DAYS: 58.8 MILLION DAYS (+5%)
China (3.2 million), Indonesia (3.0 million), India (1.3 million), Malaysia (1.2 million) and Australia (1.1million) were Singapore’s top five international visitor-generating markets in 2017. These markets accounted for 56 per cent of total IVA for the same period. In 2017, seven out of the top 15 markets saw record highs in visitor arrivals.5
China (+13%), India (+16%), and South Korea (+11%) registered the largest absolute year-on-year growth while Hong Kong (-13%) & Thailand (-3%) posted the largest absolute year-on-year declines.
% Changevs 2016
+1%
+6%
+11%
+9%
+13%
-3%
+6%
-13%
0%
+4%
Japan
Philippines
South Korea
USA
Vietnam
Thailand
UK
Hong Kong SAR
Taiwan
Germany
0 200 300 400 500 600‘000s
q
p
p
p
p
q
p
q
p
IVA, TOP 15 MARKETS4
CHINAp+13% 3,227,000INDONESIAp+2% 2,954,000INDIAp+16% 1,272,000MALAYSIAp+1% 1,168,000AUSTRALIAp+5% 1,082,000
Source: Disembarkation/Embarkation Cards
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
793
736
631
565
531
531
519
466
396
342
JAN-DEC 2017: 17.4 MILLION (+6% VS JAN-DEC 2016)
TOURISMSECTORPERFORMANCE
Q42017
6
% Change VS 2016 IVA 2016 (’000s) IVA 2017 (’000s)
1,407 1,3941,358
1,271
1,6221,482
1,144
1,238
1,235
1,506
5%
1,4806%
1,471
1,335
2%
1,361
1,412
5%
1,480
0%
1,364
1%
1,632
5%
1,559
15%
1,320 13%
1,40213%
1,396
4%
1,569
9%
1,388
In 2017, Singapore’s international visitor arrivals (IVA) came in at a record high of 17.4 million, a 6 per cent year-on-year growth.
S$ % % %pts S$ %
Overall 215 q-3.4 85 p+1.5 182 q-1.6
Luxury 442 q-1.3 83 q-1.7 369 q-3.2
Upscale 258 q-1.4 86 p+1.1 221 q-0.1
Mid-tier 167 q-1.4 86 p+1.3 144 p+0.1
Economy 103 p+2.0 82 p+5.0 85 p+8.6
Average Room Rate (ARR)
ARR, AOR and RevPAR, JANUARY – DECEMBER 2017
Average Occupancy Rate (AOR) Revenue Per Available Room (RevPAR)
HOTEL INDUSTRY
Gazetted hotel room revenue for Q4 2017 came in at an estimated S$0.9 billion, an increase of 5.7 per cent year-on-year. Average Occupancy Rate (AOR6) came in at 82 per cent in Q4 2017, a 1.8 percentage point increase compared
with the same quarter last year. Although Average Room Rate (ARR7) fell 1.2 per cent to S$216, Revenue per Available Room (RevPAR8) increased 1.1 per cent year-on-year to reach S$178 in Q4 2017.
+65 6736 6622 +65 6736 9423 stb.gov.sgTourism Court 1 Orchard Spring Lane Singapore 247729
HOTEL INDUSTRY
6 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 1007 Standard ARR = [Total room revenue / Gross lettings] x 1008 RevPAR = AOR x ARR
S$ % % %pts S$ %
Overall 216 q-1.2 82 p+1.8 178 p+1.1
Luxury 435 q-4.6 82 q-0.9 357 q-5.7
Upscale 262 p+1.3 81 q-1.0 213 p+0.1
Mid-tier 168 p+1.3 84 p+2.3 142 p+4.1
Economy 104 p+4.8 80 p+5.7 84 p+12.8
Average Room Rate (ARR)
ARR, AOR and RevPAR, Q4 2017
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 27 March 2018. The current hotel tiers published are based on the hotels’ performance in 2016. The response rate across the tiers may vary.
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 FOUR 2017 PERFORMANCE
Gazetted hotel room revenue for January to December 2017 was estimated at S$3.7 billion, a 3.9 per cent growth over 2016. While AOR increased by 1.5 percentage points to 85 per cent,
ARR fell 3.4 per cent to S$215. RevPAR fell by 1.6 per cent to S$182.
JANUARY TO DECEMBER 2017 PERFORMANCE
TOURISMSECTORPERFORMANCE
Q42017
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