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Singapore Tourism Report Q1 2016

  • December 2015
  • -
  • Business Monitor International
  • -
  • 31 pages

Includes 3 FREE quarterly updates

BMI View: Singapore is a well -established and popular tourism destination in the competitive Asia Pacificregion. Despite being a small city state, the country is home to a large number of attractions and thegovernment has invested heavily in the tourism sector in recent years in order to attract more, as well aslonger-stay visitors, including developing a range of tourism related attractions, from casinos through totheme parks. With visitor numbers steadily increasing and occupancy rates already high, the hotel market isattracting significant foreign investment and we are seeing a number of new properties under development,focusing particularly on the high end and luxury travel market. Supporting these positive growthexpectations is extensive an ongoing investment in transport infrastructure which means that Singapore isincreasingly accessible for key regional and global source markets.

Key Updates and Forecasts
- Cruise tourism to and from Singapore looks set to get a boost according to the recent announcement byTUI Cruises that it would make Singapore its seasonal homeport. TUI Cruises has partnered withthe Singapore Tourism Board and the Changi Airport Group in a drive to increase cruise passengersfrom Germany, Switzerland and Austria to over 90,000 which would generate SGD50mn (USD35.6mn)in tourism receipts.
- International air connectivity continues to expand. Singapore Airlines is partnering with Lufthansa onkey routes between Singapore and various European destinations while Australia based Jetstar hasintroduced new flights between Singapore and Palembang in Indonesia.
- We are forecasting healthy growth in inbound tourism throughout our five year forecast period, with totalinternational arrivals expected to reach 20.1mn in 2019, up from 15.7mn in 2015. This will support anincrease in tourism related expenditure from SGD87.75bn to SGD113.76bn.

Table Of Contents

Singapore Tourism Report Q1 2016
BMI Industry View 5
Table: Key Forecasts (Singapore 2012-2019) 5
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Singapore 2012-2019) 13
Table: Tourism Receipts (Singapore 2012-2019) 14
Table: Hotel Accommodation (Singapore 2012-2019) 16
Table: Tourist Departures and Consumption (Singapore 2012-2019) 17
Industry Risk/Reward Index 18
Tourism Risk/Reward Index 18
Table: Asia Pacific Tourism Risk/Reward Index 19
Market Overview 20
Competitive Landscape 25
Domestic Hotel Groups 25
Table: Domestic Hotel Groups 25
International Hotel Groups 26
Table: International Hotel Groups 26
Methodology 28
Industry Forecast Methodology 28
Risk/Reward Index Methodology 29
Table: Weighting Of Indicators 31

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