Singapore Tourism Report Q2 2016

Date: March 9, 2016
Pages: 34
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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BMI View: Singapore has a very well-established and developed tourism sector. The country remains a popular stopover destination for long-haul travellers and is a growing short-haul destination for visitors from countries throughout the Asia Pacific region, particularly China and Indonesia. Although a small city state, Singapore offers a broad range of tourism attractions. We expect international arrivals to increase at a robust pace throughout our forecast period to 2020, supported by ongoing public investment in transport infrastructure and the hotel sector as well as benefitting from a pro-active global marketing campaign, providing a boost to already high tourism related expenditure and healthy industry value.

Key Updates And Forecasts
  • Tourism arrivals to Singapore increased by 61,500 through the first eleven months of 2015, underscoring a turnaround for the sector following a difficult past two years. It is likely that full-year numbers will reach the STB's target of between 15.1 million and 15.5 million visitors for 2015.
  • Much of the growth came from key regional source markets such as China (an annual increase of 21%), India (up 7%) and Taiwan (up 11%).
  • A weak Singapore dollar will help support the competitiveness of Singapore's tourism sector over the next 12 months in a challenging regional economic environment.
BMI Industry View
  Table: Key Forecasts (Singapore 2013-2020)
Industry Forecast
  Table: Inbound Tourism (Singapore 2013-2020)
  Table: Tourism Receipts (Singapore 2013-2020)
  Table: Hotel Accommodation (Singapore 2013-2020)
  Table: Tourist Departures and Consumption (Singapore 2013-2020)
Industry Risk/Reward Index
Tourism Risk/Reward Index
  Table: Asia Pacific Tourism Risk/Reward Index
Market Overview
Competitive Landscape
Domestic Hotel Groups
  Table: Domestic Hotel Groups
International Hotel Groups
  Table: International Hotel Groups
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Weighting Of Indicators
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