Singapore reports Visitor Arrival Figures for March 2005

Singapore welcomed 732,359 visitors in March 2005, registering a 16.9% growth over March 2004. This is the highest year-on-year growth this year, far exceeding the 6% growth in Feb 2005 (vs Feb 2004) and 2.3% growth in Jan 2005 (vs Jan 2004).

The increase resulted in an estimated S$867 million in tourism receipts in March 2005, a 19% increase over March 2004.

Indonesia (151,000), UK (53,000), China (52,000), Japan (52,000) and Malaysia (48,000) were Singapore’s top five visitor-generating markets for the month of March 2005. These markets alone accounted for 49% of total visitor arrivals for the month.

The strong growth in visitor arrivals in March 2005 (vs March 2004) was driven by double-digit growth in arrivals from 10 of the top 13 visitor-generating markets including Hong Kong (+67%), India (+50%), Thailand (+34%), Philippines (+28%), Indonesia (+19%), Australia (+17.0%), USA (+17%), Malaysia (+16%), Germany (+14%) and UK (+12%).

Visitor arrivals from China and Japan declined by 2% each, while arrivals from South Korea dropped by 9%.

In March 2005, Singapore hotels recorded S$100 million in room revenue, an increase of 17.6% over March 2004.

Average Room Rate (ARR) in March 2005 was S$130, an increase of 7.4% over March 2004. Average Occupancy Rate (AOR) for hotels was estimated to have reached 84% in March 2005, a 4 percentage point increase over March 2004.

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