Q4 2018 Report

TOURISMSECTORPERFORMANCE

The tourism sector in 2018 achieved record highs in International Visitor Arrivals (IVA) and Tourism Receipts (TR) for the third year consecutively. From January to December 2018, IVA increased 6.2 per cent over the same period last year to reach 18.5 million visitors. Tourism Receipts (TR) reached S$26.9 billion, a marginal growth of 0.5 per cent compared to the same period last year.

The increase in TR was due to growth in Sightseeing, Entertainment and Gaming, and Other TR Components. However, this was offset by declines in Shopping, Accommodation and Food & Beverage components.

Gazetted hotel room revenue was estimated at S$4.0 billion in 2018, a year-on-year growth of 7.5 per cent. Average Occupancy Rate (AOR) increased

by 1.4 percentage points to 86.2 per cent whilst Average Room Rate (ARR) grew marginally by 0.7 per cent to S$219, resulting in a 2.3 per cent increase in RevPAR to reach S$189.

In the fourth quarter of 2018 (Q4), IVA grew 2.5 per cent year-on-year to reach 4.5 million visitors. TR totalled $6.3 billion in Q4 2018, a 2 per cent decline over the same period last year. Gazetted hotel room revenue for Q4 2018 came in at an estimated S$1.0 billion, a 6.9 per cent year-on-year increase.

[Note: International visitor arrivals statistics up to Feb 2019 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

2

TOURISM SECTORPERFORMANCE2018

Q4

QUARTER FOUR 2018 HIGHLIGHTS

QU

AR

TER

FO

UR

20

18 H

IGH

LIG

HTS

FULL

YEA

R

2018

HIG

HLI

GH

TS

TOURISMRECEIPTS

S$26.9 billion

S$6.3 billion

year-on-year to reach

year-on-year to reach

TR in 2018 grew marginally by

TR in Q4 2018 declined

+0.5%

-2.0%

INTERNATIONALVISITOR ARRIVALS

year-on-year to reach

year-on-year to reach

18.5 million

4.5 million

+6.2%

+2.5%

IVA in 2018 increased by

IVA in Q4 2018 increased by

S$4.0 billion

S$1.0billion

year-on-year to reach

year-on-year to reach

HOTELINDUSTRY

+7.5%

+6.9%

Gazetted hotel room revenue in 2018 grew

Gazetted hotel room revenue in Q4 2018 grew

EXECUTIVE SUMMARY

3

Tourism Receipts (TR) for the fourth quarter (Q4 2018) was estimated at S$6.3 billion, a 2.0 per cent decline over the same period last year. Expenditure grew for Food & Beverage (5%) and

Other TR Components (7%) while Accommodation (11%), Shopping (8%) and Sightseeing, Entertainment & Gaming (1%) expenditure declined.

1All Tourism Receipts estimates are correct as of April 2019.

Source: Disembarkation/Embarkation 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, business, medical, education and transit visitors.

TOURISM RECEIPTS BY MAJOR COMPONENTS1

TOURISM RECEIPTS: S$6.3 BILLION (-2.0% VS Q4 2017)All percentage changes are vs Q4 2017

QUARTER FOUR 2018 PERFORMANCE

3

TOURISM RECEIPTS

OTHER TR COMPONENTS

S$1,691m

ACCOMMODATION

S$1,276m

S$647m +5%

+7%

-1%SIGHTSEEING, ENTERTAINMENT & GAMING

S$1,386m

SHOPPING

S$1,331m -8%

-11%

21%

20%

10%

22%

27%

% Share

FOOD & BEVERAGE

TOURISM SECTORPERFORMANCE2018

Q4

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 visitors.* Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information.

Excluding expenditure on Sightseeing, Entertainment & Gaming (SEG), China (S$758 million), Indonesia (S$714 million) and India (S$410 million) were the top three TR generating markets in Q4 2018, contributing to 38 per cent of TR (excluding SEG).

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

TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETSTOURISM RECEIPTS* :S$4.9 BILLION (-2% VS Q4 2017)

VA % Change

vs Q4 2017

TR % Change

vs Q4 20172018 TR*

(S$ million)

+2%

-5%

-1%

+9%

-1%

+4%

+8%

+13%

+8%

+2%

-2%

-2%

-7%

+5%

0%

-9%

+13%

-7%

-11%

+10%

+14%

-19%

Overall

China

Indonesia

India

Australia

Japan

Malaysia

USA

Philippines

Vietnam

South Korea

4,945

758

714

410

315

280

210

181

169

164

152

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

SHOPPING ACCOMMODATION FOOD & BEVERAGE OTHER TR COMPONENTS

p

q

q

p

q

p

p

p

p

p

q

q

q

p

q

p

q

q

p

p

q

27% 26% 13% 34%

54%

31%

20%

12%

13%

28%

14%

27%

28%

14%

18%

34%

33%

35%

19%

39%

27%

20%

38%

11%

14%

13%

9%

15%

16%

16%

9%

14%

41%

32%

42%

43%

39%

31%

30%

44%

34%

16% 6% 24%

4

INDONESIA

S$714 million

1 CHINA

S$758 million

2

INDIA

S$410 million3

TOURISM RECEIPTS

TOURISM SECTORPERFORMANCE2018

Q4

QUARTER FOUR 2018 PERFORMANCE

Tourism Receipts (TR) for January to December reached S$26.9 billion, a marginal growth of 0.5 per cent compared to the same period last year. Sightseeing, Entertainment & Gaming (4%) and Other TR

Components (17%) expenditure grew, while Shopping (13%), Accommodation (6%) and Food & Beverage (2%) expenditure declined.

Excluding expenditure on Sightseeing, Entertainment & Gaming (SEG), China (S$3,914 million), Indonesia (S$2,855 million) and India (S$1,746 million) were the top three TR generating markets for January to December 2018, contributing 40 per cent of TR (excluding SEG).

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

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 visitors.* Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information.

2 All Tourism Receipts estimates are correct as at April 2019.

TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETSTOURISM RECEIPTS* :S$21.1 BILLION (-0.5% VS JAN-DEC 2017)

JANUARY TO DECEMBER 2018 PERFORMANCE

TOURISM RECEIPTS BY MAJOR COMPONENTS2

TOURISM RECEIPTS: S$26.9 BILLION (+0.5% VS JAN-DEC 2017)

VA % Changevs 2017

TR % Changevs 2017

2018 TR*(S$ million)

+6%

+6%

+2%

+13%

+2%

+5%

+7%

+14%

+6%

+11%

0%

-0.5%

+1%

+8%

+13%

+4%

+10%

-2%

-6%

-6%

+7%

-14%

Overall

China

Indonesia

India

Australia

Japan

Malaysia

USA

Philippines

Vietnam

South Korea

21,083

3,914

2,855

1,746

1,303

1,099

824

732

682

672

664

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

q

p

p

p

p

p

q

q

q

p

q

26% 27% 12% 35%

47%

28%

17%

15%

14%

28%

14%

22%

27%

16%

16%

38%

30%

35%

22%

40%

31%

20%

37%

10%

13%

13%

10%

13%

16%

17%

11%

14%

47%

31%

42%

40%

37%

30%

30%

42%

34%

20% 7% 26%

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.

Jan-Dec % Share

20%

21%

10%

22%

28%

$5,385

$5,666

$2,593

$5,859

$7,440

S$ Millions 0 2 ,000 4,000 6,000 8,000

Q1 1,470 Q2 1,246

Q1 1,436 Q2 1,497

Q1 1,498 Q2 1,454

Q1 1,834 Q2 1,793

Q1 630 Q2 604 Q3 712 Q4 647

SHOPPING

ACCOMMODATION

FOOD & BEVERAGE

SIGHT SEEING, ENTERTAINMENT & GAMING

OTHER TR COMPONENTS

Q3 1,337 Q4 1,331

Q3 1,457 Q4 1,276

Q3 1,520 Q4 1,386

Q4 1,691Q3 2,122

5

TOURISM RECEIPTS

TOURISM SECTORPERFORMANCE2018

Q4

% Changevs Q4 2017

-13%

-6%

-2%

+4%

+17%

q

q

q

p

p

INTERNATIONALVISITOR ARRIVALS

3 For 2018, the seven markets that saw record highs in visitor arrivals are China, India, Philippines, UK, USA, Vietnam and Germany.

China (3.4 million), Indonesia (3.0 million), India (1.4 million), Malaysia (1.3 million) and Australia (1.1 million) were Singapore’s top five international visitor-generating markets in 2018. These markets accounted for 55 per cent of total IVA in January to December 2018. In

2018, seven out of the top 15 markets hit new highs in visitor arrivals3. Largest absolute year-on-year growths were noted in China (6%), India (13%) and Malaysia (7%).

% Changevs 2017

+5%

+6%

+14%

0%

+11%

+13%

+3%

+2%

+7%

+4%

Japan

Philippines

USA

South Korea

Vietnam

UK

Thailand

Hong Kong SAR

Taiwan

Germany

0 450300150 600 750 900‘000s

p

p

p

p

p

p

p

p

p

IVA, TOP 15 MARKETS

CHINAp+6% 3,418,000INDONESIAp+2% 3,021,000INDIAp+13% 1,442,000MALAYSIAp+7% 1,254,000AUSTRALIAp+2% 1,107,000

Source: Disembarkation/Embarkation Cards

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

830

778

643

629

592

589

546

473

423

357

JAN-DEC 2018: 18.5 MILLION (+6.2% VS JAN-DEC 2017)

6

JANUARY TO DECEMBER 2018 PERFORMANCE

INTERNATIONAL VISITOR ARRIVALS (IVA)JAN-DEC 2018: 18.5 MILLION (+6.2% VS JAN-DEC 2017), VISITOR DAYS: 61.6 MILLION DAYS (+4.8%)

Singapore’s international visitor arrivals (IVA) in 2018 stood at 18.5 million for January to December 2018, a 6.2 per cent year-on-year growth.

% Change VS 2017 IVA 2017 (’000s) IVA 2018 (’000s)

TOURISM SECTORPERFORMANCE2018

Q4

1,480 1,471

1,5841,544

1,361 1,364

1,480

1,563 1,545

1,388

1,733

1,632

1,683

1,5591,471 1,415

1,320

1,4671,407

1,603

1,402 1,397

1,570

1,492

HOTEL INDUSTRY

Gazetted hotel room revenue for Q4 2018 came in at an estimated S$1.0 billion, a growth of 6.9 per cent year-on-year. Average Occupancy Rate (AOR4) was at 84 per cent in Q4 2018, a 1.5 percentage point increase compared to the

same quarter last year. Average Room Rate (ARR5) grew by 1 percent to S$221 and Revenue per Available Room (RevPAR6) increased 2.8 per cent year-on-year to S$186 in Q4 2018.

HOTEL INDUSTRY

5 “Gazetted hotels” refer to hotels specified in the relevant Singapore Tourism (Cess Collection) Act subsidiary legislation as tourism event establishments.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 221 p +1.0 84 p +1.5 186 p +2.8

Luxury 449 p +2.4 86 p +1.6 386 p +4.3

Upscale 266 p +1.2 84 p +2.1 223 p +3.8

Mid-tier 169 p +0.2 85 p +1.2 144 p +1.6

Economy 107 p +1.5 81 p +1.6 87 p +3.5

Average Room Rate (ARR)

ARR, AOR and RevPAR, Q4 2018

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

QUARTER FOUR 2018 PERFORMANCE

S$ % % %pts S$ %

Overall 219 p +0.7 86 p +1.4 189 p +2.3

Luxury 449 p +1.1 87 p +2.5 392 p +4.0

Upscale 263 p +2.0 86 p +0.3 227 p +2.3

Mid-tier 168 p +0.2 87 p +1.3 147 p +1.7

Economy 105 p +1.2 84 p +2.0 88 p +3.7

Average Room Rate (ARR)

ARR, AOR and RevPAR, JANUARY – DECEMBER 2018

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

Gazetted hotel room revenue for January to December 2018 was estimated at S$4 billion, a 7.5 per cent growth over the same period last year. AOR increased by 1.4 percentage points to 86 per cent as

ARR grew marginally by 0.7 per cent to S$219, resulting in a 2.3 per cent increase in RevPAR to reach S$189.

JANUARY TO DECEMBER 2018 PERFORMANCE

7

TOURISM SECTORPERFORMANCE2018

Q4

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

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 March 2019. The current hotel tiers published are based on the hotels’ performance in 2017. 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