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Singapore Tourism Report Q2 2016

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

Includes 3 FREE quarterly updates

BMI View: Singapore has a very well-established and developed tourism sector. The country remains apopular stopover destination for long-haul travellers and is a growing short-haul destination for visitorsfrom countries throughout the Asia Pacific region, particularly China and Indonesia. Although a small citystate, Singapore offers a broad range of tourism attractions. We expect international arrivals to increase ata robust pace throughout our forecast period to 2020, supported by ongoing public investment in transportinfrastructure 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, underscoringa turnaround for the sector following a difficult past two years. It is likely that full-year numbers willreach 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 thenext 12 months in a challenging regional economic environment.

Table Of Contents

Singapore Tourism Report Q2 2016
BMI Industry View 5
Table: Key Forecasts (Singapore 2013-2020) 5
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: Asia Pacific Tourism Risk/Reward Index 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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