TOURISM
SECTOR
PERFORMANCE
Q4 2015 Report
TOURISM
SECTOR
PERFORMANCE
Q4
2015
EXECUTIVE
SUMMARY
The tourism sector saw a mixed performance in 2015
due to global headwinds. International visitor arrivals
(IVA) grew to 15.2 million (+0.9%), while tourism receipts
(TR) fell to S$21.8 billion (-7.6%). The decline in TR was
due mainly to lower BTMICE visitor arrivals and their
reduced per capita expenditure.
In the fourth quarter of 2015, IVA grew 5 per cent to 3.9
million over the same period in 2014 while TR fell 6 per
cent year-on-year to S$5.4 billion. The decline in TR was
mainly due to the decreased expenditure on Sightseeing,
Entertainment & Gaming (-18%) and Accommodation
(-7%).
Gazetted hotel room revenue was estimated at $0.8 billion
for Q4 2015, a growth of 3.4 per cent year-on-year.
Revenue per Available Room (RevPAR) declined 5.1 per
cent year-on-year, due mainly to a weakened Average
Room Rate (ARR).
Note: International visitor arrivals statistics up to March
2016 is now available here.
QUARTER FOUR
2015 HIGHLIGHTS
FULL YEAR 2015 HIGHLIGHTS
TR in 2015 came in at
S$21.8 billion,
TOURISM
RECEIPTS
a
7.6
%
year-on-year decline.
Full year 2015 IVA stood at
INTERNATIONAL
VISITOR
ARRIVALS
S$15.2 million,
a
year-on-year growth.
TR in Quarter Four (Q4) 2015 came in at
S$5.4 billion,
a
S$3.2 billion,
a
year-on-year growth.
year-on-year decline.
6
%
IVA for Q4 2015 stood at
S$3.9 million,
a
0.9%
Gazetted hotel room revenue for
full year 2015 came in at
HOTEL
INDUSTRY
QUARTER FOUR 2015 HIGHLIGHTS
5%
year-on-year growth.
Gazetted hotel room revenue in Q4 2015
came in at an estimated
S$0.8 billion,
a growth of
0.8%
year-on-year.
3.4%
NOTE TO EDITORS
This 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
2
TOURISM
SECTOR
PERFORMANCE
TOURISM
RECEIPTS
Q4
2015
1
QUARTER FOUR
2015 PERFORMANCE
TOURISM RECEIPTS BY MAJOR COMPONENTS, Q4 20151
TOURISM RECEIPTS: S$5.4 BILLION (-6% VS Q4 2014)
All percentage changes are vs same period in 2014
SHOPPING
S$993m
% Share
18%
22%
11%
22%
27%
2%
ACCOMMODATION
S$1,166m
FOOD &
BEVERAGE
-7%
7%
S$596m
SIGHTSEEING,
ENTERTAINMENT & GAMING
S$1,159m
-18%
OTHER TR COMPONENTS
S$1,471m
Tourism Receipts1 (TR) for the fourth quarter 2015 (Q4 2015)
was estimated at S$5.4 billion, a 6 per cent decline over the
same period last year. Food & Beverage expenditure and
Shopping expenditure increased by 7 per cent and 2 per
-2%
cent respectively, while Sightseeing, Entertainment & Gaming
(-18%), Accommodation (-7%) and Other TR components
(-2%) expenditure declined.
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.
1
All Tourism Receipts estimates are correct as of May 2016.
3
TOURISM
SECTOR
PERFORMANCE
TOURISM
RECEIPTS
Q4
2015
1
QUARTER FOUR
2015 PERFORMANCE
TOP THREE TOURISM RECEIPTS GENERATING MARKETS
01
INDONESIA
S$542m CHINA
02
S$346m INDIA
S$614m
03
Excluding expenditure on Sightseeing, Entertainment &
Gaming (SEG), Indonesia (S$614 million), China (S$542
million) and India (S$346 million) were the top three TR
generating markets in Q4 2015, contributing to 36 per cent of
TR excluding SEG.
Tourism receipts grew for seven of the top ten markets in Q4
2015. Among the top 10 TR markets, India (+26%), Vietnam
(+29%) and Australia (+4%) registered the highest absolute
year-on-year growths in TR (excluding SEG) compared with
the same period last year. Thailand (+2%), Philippines (+5%),
China (+1%) also exhibited good growth in TR in Q4 2015.
TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETS, Q4 2015
TOURISM RECEIPTS: S$5.4 BILLION (-6% VS Q4 2014)
VA %
Change
vs 2014
TR %
Change
vs 2014
SHOPPING
ACCOMMODATION
p +5%
q
-2%
Overall
q -6%
q -19%
Indonesia
p +26%
p
+1%
China
p +8%
p +26%
India
15%
p +6%
p
+4%
Australia
16%
q -4%
q
-3%
Japan
q -6%
q -21%
Malaysia
p +6%
p
+5%
Philippines
23%
p +15%
p
+2%
Thailand
25%
p +11%
p
+1%
South Korea
q -2%
p +29%
Vietnam
23%
28%
28%
16%
14%
37%
10%
16%
34%
20%
30%
40%
50%
175
174
26%
17%
23%
210
41%
35%
29%
275
41%
12%
34%
346
42%
14%
21%
542
26%
31%
14%
35%
17%
0%
10%
17%
28%
26%
614
45%
18%
161
24%
16%
32%
141
14%
34%
139
60%
70%
80%
90%
100%
Expenditure is estimated from Overseas Visitor Survey.
Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical, education and transit visitors.
* Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information.
4
2015 TR*
(S$ million)
4,226
35%
10%
45%
10%
OTHER TR COMPONENTS
FOOD & BEVERAGE
TOURISM
SECTOR
PERFORMANCE
TOURISM
RECEIPTS
Q4
2015
1
JANUARY TO DECEMBER
2015 PERFORMANCE
TOURISM RECEIPTS BY MAJOR COMPONENTS, JANUARY-DECEMBER 20152
TOURISM RECEIPTS: S$21.8 BILLION (-7.6% VS JAN-DEC 2014)
% Change
vs 2014
2015 TR
S$ Million % Share
q -5%
SHOPPING
Q1
961
q -12%
ACCOMMODATION
Q1
1,092
p +2%
FOOD & BEVERAGE
q -13%
SIGHT SEEING,
ENTERTAINMENT & GAMING
Q1
1,372
Q2
1,222
q -5%
OTHER TR
COMPONENTS
Q1
1,356
Q2
1,272
Q1
S$ Millions
532
Q2
Q2
918
Q3
1,040
1,086
Q1
541
Q3
650
0
Q4
1,336
Q3
Q4
993
1,166
Q4
596
Q3
1,340
Q3
Q4
1,159
1,673
Q4
2,000
1,471
4,000
3,913
18%
4,680
21%
2,319
11%
5,093
23%
5,772
27%
6,000
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.
Tourism Receipts (TR) in 2015 were at S$21.8 billion, a 7.6 per
cent decline year-on-year. In 2015, Sightseeing, Entertainment
& Gaming expenditure recorded the largest absolute decrease
year-on-year (-13%), followed by Accommodation (-12%).
TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETS, JANUARY-DECEMBER 2015
TOURISM RECEIPTS: S$21.8 BILLION (-7.6% VS JAN-DEC 2014)
VA %
Change
vs 2014
TR %
Change
vs 2014
SHOPPING
p +1%
q
-6%
Overall
p +22%
q
-4%
China
q -10%
q -21%
Indonesia
p +7%
0%
India
15%
23%
q
-7%
Australia
14%
q -4%
p
+4%
Japan
12%
q -5%
q -25%
Malaysia
q
-6%
Philippines
p +2%
q
-2%
Thailand
p +7%
q
-4%
South Korea
p +3%
q -14%
USA
28%
14%
18%
29%
35%
14%
35%
24%
19%
14%
40%
20%
42%
2,321
33%
1,167
925
38%
637
40%
50%
60%
636
28%
70%
609
22%
19%
30%
1,023
39%
16%
41%
2,537
27%
16%
36%
11%
10%
12%
39%
23%
16,684
44%
14%
26%
0%
10%
17%
28%
2015 TR*
(S$ million)
35%
11%
18%
15%
OTHER TR COMPONENTS
FOOD & BEVERAGE
45%
q -3%
0%
ACCOMMODATION
80%
33%
564
28%
551
90%
100%
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.
Excluding Sightseeing, Entertainment & Gaming (SEG)
expenditure, China (S$2.54 billion), Indonesia (S$2.32 billion)
and India (S$1.17 million) were Singapore’s top three TRgenerating markets for January to December 2015, accounting
for 36 per cent of the overall TR excluding SEG.
2
All Tourism Receipts estimates are correct as at May 2016.
Of the top ten markets, Japan recorded a 4 per cent growth in
TR (excluding SEG). Indonesia (-21%), Malaysia (-25%) and
China (-4%) registered the largest absolute year-on-year declines
in TR (excluding SEG).
5
TOURISM
SECTOR
PERFORMANCE
INTERNATIONAL
VISITOR ARRIVALS
Q4
2015
2
JANUARY TO DECEMBER
2015 PERFORMANCE
INTERNATIONAL VISITOR ARRIVALS, JANUARY-DECEMBER 2015
VISITOR ARRIVALS: 15.2 MILLION (+0.9% VS JAN-DEC 2014)
VISITOR DAYS: 55.0 MILLION DAYS (-2% VS JAN-DEC 2014)
IVA 2015(’000s)
IVA 2014 (’000s)
1,519
% Change vs 2014
1,445
+8%
+6%
1,346
1,298
1,238
1,253
-7%
1,189
1,223
1,245
1,202
-7%
1,425
1,408
1,209
+1%
1,209
+5%
1,363
1,185
1,132
0%
1,247
1,204
+4%
+5%
1,204
1,144
1,361
+3%
1,181
1,099
-3%
-4%
Singapore’s international visitor arrivals (IVA) saw consecutive
months of year-on-year growth since May 2015. IVA stood at
15.2 million in 2015, a 0.9 per cent growth year-on-year.
In Q4 2015, IVA grew 5 per cent year-on-year to 3.9 million.
INTERNATIONAL VISITOR ARRIVALS, TOP 15 MARKETS, JANUARY-DECEMBER 2015
JAN-DEC 2015: 15.2 MILLION (+0.9% VS JAN-DEC 2014)
1
2
3
4
5
INDONESIA
q-10%
CHINA
p+22%
MALAYSIA
q-5%
AUSTRALIA
q-3%
INDIA
p+7%
% Change
vs 2014
2,732,000
2,106,000
1,171,000
1,044,000
1,014,000
6. Japan
7. Philippines
q -3%
610
9. South Korea
p +7%
577
10. Thailand
516
p +2%
11. USA
500
p +3%
12. UK
474
p +5%
13. Vietnam
418
q -1%
14. Taiwan
p +12%
378
15. Germany
p +9%
287
0
150
300
450
600
750
900
1050
‘000s
China (+22%), India (+7%) and Taiwan (+12%) registered the
largest absolute year-on-year growth while Indonesia (-10%),
Malaysia (-5%) and Japan (-4%) posted the largest absolute
year-on-year declines.
Indonesia (2,732,000), China (2,106,000), Malaysia (1,171,000),
Australia (1,044,000) and India (1,014,000) were Singapore’s
top five international visitor-generating markets3 in 2015. These
markets accounted for 53 per cent of total IVA in 2015.
3
0%
673
8. Hong Kong SAR
Source: Disembarkation/Embarkation Cards
q -4%
789
Visitor arrival figures quoted are rounded to the nearest thousands.
6
TOURISM
SECTOR
PERFORMANCE
HOTEL
INDUSTRY
Q4
2015
3
QUARTER FOUR
2015 PERFORMANCE
Average Occupancy Rate (AOR5) came in at 85 per cent in Q4
2015, a marginal 0.3 percentage point fall compared with the
same quarter last year. Revenue per Available Room (RevPAR6)
slipped 5.1 per cent year-on-year to S$207 in Q4 2015 due mainly
to a weakened ARR.
Gazetted hotel room revenue for Q4 2015 came in at an estimated
S$0.8 billion, representing a 3.4 per cent year-on-year increase.
Average Room Rate (ARR4) declined 4.8 per cent to reach S$244
in Q4 2015.
ARR, AOR and RevPAR, Q4 2015
Average Room Rate (ARR)
$
7
Average Occupancy Rate (AOR)
Revenue Per Available Room (RevPAR)
% %
%pts $
207
%
Overall 244
q
-4.8 85
q
-0.3
Luxury 451
q
-1.5
87 p
+0.3390 q
-1.2
q
-5.1
Upscale 267
p
+0.385q
-1.6227 q
-1.5
Mid-tier 175
q
-3.986p
+0.2150 q
-3.6
Economy
99
q
-10.278p
+0.477 q
-9.8
JANUARY TO DECEMBER
2015 PERFORMANCE
Gazetted hotel room revenue for January to December 2015
was estimated at S$3.2 billion, a growth of 0.8 per cent as
compared to the same period last year. From January to December
2015, ARR fell 5.2 per cent to S$245, while AOR dipped 0.6
percentage points to 85 per cent. RevPAR fell by 5.9 per cent to
S$208, due mainly to a lower ARR.
ARR, AOR and RevPAR, January – December 2015
Average Room Rate (ARR)
$
Average Occupancy Rate (AOR)
% %
%pts Revenue Per Available Room (RevPAR)
$
%
Overall 245
q
-5.2 85
q
-0.6208 q
-5.9
Luxury 447
q
-3.1
86 q
-1.4386 q
-4.6
Upscale 265
q
-0.786q
-1.1228 q
-2.0
Mid-tier 175
q
-5.685p
+0.5149 q
-5.0
Economy
103
q
-6.079q
-0.782 q
-6.8
Standard ARR = [Total room revenue / Gross lettings] x 100
Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 100
6
RevPAR = AOR x ARR
7
All hotel figures are correct as at May 2016
4
5
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.
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
Figures for the hotel industry are preliminary estimates, based on returns as
at 26 April 2016. The current hotel tiers published are based on the hotels’
performance in 2014. The response rate across the tiers may vary.
Tourism Court 1 Orchard Spring Lane Singapore 247729
+65 6736 6622
+65 6736 9423
stb.gov.sg
7