Complete Property Market Updates of Singapore

April 30, 2008

Singapore visitor arrivals rise 5.7% in March

Filed under: 1 — Propertymarketupdates @ 4:26 am

Singapore’s foreign visitor arrivals rose 5.7 per cent in March from a year ago, helped by a jump in tourists from Indonesia, China and Australia, the government said on Thursday.

The Southeast Asian city welcomed 908,000 visitors in March, a record high for March, the Singapore Tourism Board said in a statement.

The average length of stay increased at a faster pace, with visitor days rising 14.1 per cent from a year ago to 3.4 million days, and hotels reporting a 16.8 per cent increase in room revenue to $189 million (US$140 million).

The average hotel room rate rose 23.8 per cent in March from a year ago to hit $238 a night, the tourism authority added.

Singapore is an Asian business centre and receives many visiting executives and bankers every month. It is also trying to boost its services sector to offset a weakening manufacturing industry. — REUTERS

Source : Business Times – 24 Apr 2008

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