Singapore visitor arrivals up 41.1% to 13,400 in October
VISITOR arrivals to Singapore jumped 41.1 per cent to 13,400 in October, though the tourism industry's performance remains a vast distance from pre-pandemic times, according to latest Singapore Tourism Board figures.
October arrivals were up from 9,500 in September, but incomparable to the 1.53 million arrivals in October a year ago.
China, Indonesia and Malaysia remained the top three sources of arrivals, similar to September.
Gazetted hotels' room revenue was S$65 million, up from S$58 million in September but down 82.4 per cent year on year.
Revenue per available room improved to S$77, up from S$72 in September, but this was still down 60.6 per cent year on year.
The average room rate also rose to S$136, from S$116 in September, but was down 39.6 per cent year on year
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
The average occupancy rate continued to decline from its July peak to 56.7 per cent in October, down from 61.7 per cent in September and much lower than the 87 per cent occupancy a year ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle