More records fall in Singapore boom
Singapore visitor arrivals continue to climb.
Arrivals reached 3.12 million in the first quarter 2011, representing a 15.7 percent year-on-year growth. All three months in Q1 2011 saw record high arrivals.
Visitor days were estimated at 11.7 million days, a growth of 12 percent in comparison with the same quarter last year.
Indonesia (577,000), P.R. China (412,000), Malaysia (256,000), Australia (222,000), and India (171,000) were Singapore’s top five international visitor-generating markets during the first quarter.
Gazetted hotel room revenue was estimated at S$478 million, representing an increase of 9.8 percent compared to the same quarter a year ago.
Average room rate stood at S$226 in first quarter 2011, a year-on-year increase of 13.9 percent.
Room rates for all hotel tiers rose, with the economy tier showing the highest increase of 24.2 percent.
Ian Jarrett
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