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Singapore Tourism Report Q2 2016

Singapore Tourism Report Q2 2016

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.


BMI Industry View
Table: Key Forecasts (Singapore 2013-2020)
SWOT
Tourism
Industry Forecast
Table: Inbound Tourism (Singapore 2013-2020)
Table: Tourism Receipts (Singapore 2013-2020)
Table: Hotel Accommodation (Singapore 2013-2020)
Table: Tourist Departures and Consumption (Singapore 2013-2020)
Industry Risk/Reward Index
Tourism Risk/Reward Index
Table: Asia Pacific Tourism Risk/Reward Index
Rewards
Risks
Market Overview
Competitive Landscape
Domestic Hotel Groups
Table: Domestic Hotel Groups
International Hotel Groups
Table: International Hotel Groups
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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