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Singapore Tourism Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 34 pages

Includes 3 FREE quarterly updates

BMI View: Singapore has a very well-developed and established tourism sector and we continue to retain apositive and optimistic outlook for the sector. The country will remain a popular stopover destination forlong-haul travellers and is a growing short-haul destination for travellers from countries throughout theAsia Pacific region. Singapore, a small city state, offers a broad range of tourism activities and we believeinternational arrivals will grow at a robust pace going forward. Out to 2020, arrivals will be bolstered byongoing public investment in transportation and global advertisement campaigns that are very proactive innature. The economic growth in source markets such as Indonesia and China will provide another boost toalready high tourism related expenditures and industry values.

Key Updates And Forecasts

- Preliminary data from the Tourism office states that total arrivals in Q1 2016 totalled 4.147mn, a yearover-year increase of 13.8%. These numbers are well within the STB's targets at an annualized rate. Weestimate that the country saw about 15.5mn arrivals in 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 continue support the competitiveness of Singapore's tourism sector over thenext 12 months in a challenging regional economic environment.

Table Of Contents

Singapore Tourism Report Q3 2016
BMI Industry View 5
Table: Key Forecasts (Singapore 2013-2020) 5
SWOT 7
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Singapore 2013-2020) 14
Table: Tourism Receipts (Singapore 2013-2020) 15
Table: Hotel Accommodation (Singapore 2013-2020) 17
Table: Tourist Departures and Consumption (Singapore 2013-2020) 18
Industry Risk/Reward Index 19
Tourism Risk/Reward Index 19
Table: Tourism Risk Reward Ratings 19
Rewards 20
Risks 20
Market Overview 22
Competitive Landscape 28
Domestic Hotel Groups 28
Table: Domestic Hotel Groups 28
International Hotel Groups 29
Table: International Hotel Groups 29
Methodology 31
Industry Forecast Methodology 31
Risk/Reward Index Methodology 32
Table: Weighting Of Indicators 34

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