The tourism sector continued to grow for January to September 2016. International Visitor Arrivals (IVA) increased 9 per cent over the same period in 2015 to reach 12.4 million visitors while Tourism Receipts (TR) grew by 13 per cent to reach $18.5 billion.
The strong growth in YTD 3Q 2016 TR was on the back of higher expenditure in Shopping, Accommodation and Food & Beverage. This helped to offset the fall in Sightseeing, Entertainment & Gaming (SEG) that was due largely to a decline in gaming revenue as reported by the integrated resorts.
Gazetted hotel room revenue was estimated at $2.5 billion for YTD 3Q 2016, a year-on-year growth of 5.4 per cent. Average Occupancy Rate (AOR) improved by 1.3 per cent year-on-year while Revenue per Available Room (RevPar) declined by 1.3 per cent year-on-year due to a lower Average Room Rate (ARR).
In the third quarter of 2016 (Q3), IVA grew 4 per cent year-on-year to reach 4.2 million visitors. TR in Q3 2016 grew 14 per cent over the same period in 2015 to reach $6.9 billion. Gazetted hotel room revenue for Q3 2016 came in at an estimated S$0.9 billion, a 2.3 per cent year-on-year increase.