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Malaysia ranks fifth in Singapore's tourism market
Monday, June 30, 2008
Malaysia ranked fifth in Singapore's top five visitor-generating markets last month, according to the Singapore Tourism Board (STB) Friday.

STB said out of 828,000 visitors that Singapore welcomed in May which was a record for the month, about 52,000 were Malaysians.

Indonesia continues to lead the pack with 136,000 visitors, followed by India (103,000 visitors), the People's Republic of China (86,000 visitors) and Australia (66,000 visitors).

These five markets accounted for 53 per cent of Singapore's total visitor arrivals for the month, STB said.

It said visitor days were estimated to reach 3.5 million days, an increase of 12.1 per cent in comparison with May last year.

Singapore gazetted hotels were estimated to reap S$182 million (S$1=RM2.39) in room revenue, representing a growth of 19.3 per cent over May last year.

The average room rate was estimated at S$249 and the average occupancy rate for hotels was estimated to reach 82 per cent during the month, STB said.
Vicky Karantzavelou - Monday, June 30, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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