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According to Singapore Tourism Board (STB), International Visitor Arrivals (IVA) for 2011 stood at 13.2 million. 76% of total IVA came from Asia. Gazetted hotel room revenue for 2011 came in at an estimated representing a 27.8% year. Robust performance in Average Room Rate (ARR) and Average Occupancy Rate (AOR) resulted in a 15% year (RevPAR).
Preliminary Tourism Receipts (TR) for 2011 were estimated at S$22.2 billion, charting a new high, and meeting the year’s forecast range of S$22 – S$24 billion. All preliminary TR components saw year-on-year growth, with Sightseeing & Entertainment recording the highest growth of 37%.
STB Tourism Sector Performance for 2011 (Factsheet)
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
