TOURISM SECTOR PERFORMANCE - 2020 Report
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TOURISM SECTOR PERFORMANCE 2020 Report
2020 TOURISM SECTOR PERFORMANCE EXECUTIVE SUMMARY The tourism sector in 2020 recorded declines in International Visitor Arrivals (IVA) and Tourism Receipts (TR) amid the COVID-19 pandemic. From January to December 2020, IVA declined 85.7 per cent over the same period last year to 2.7 million visitors. TR is at S$4.8 billion, a decline of 82.6 per cent compared to the same period last year. The decrease in TR can be observed across all components. Gazetted hotel room revenue for 2020 is at S$1.2 billion, a year-on-year decline of 71.2 per cent. Average Occupancy Rate (AOR) dropped by 30.2 percentage points to 56.7 per cent while Average Room Rate (ARR) declined 31.3 per cent to S$152, resulting in a 55.2 per cent decline in RevPAR to S$86. [Note: International visitor arrivals statistics up to March 2021 is now available here.] 2020 HIGHLIGHTS TOURISM INTERNATIONAL HOTEL RECEIPTS VISITOR ARRIVALS INDUSTRY TR in 2020 IVA in 2020 Gazetted hotel room revenue declined by declined by in 2020 declined by -82.6% -85.7% -71.2% year-on-year to year-on-year to year-on-year to S$4.8 2.7 S$1.2 billion million billion NOTES This quarterly report provides a summary of key statistics on tourism receipts, international visitor arrivals and gazetted hotels. The analysis in this report is based on data from a variety of sources, including SG Arrival Cards (SGAC), Disembarkation/Embarkation (DE) Cards, the Overseas Visitors Survey (OVS) and the monthly hotel returns from gazetted hotels. Data derived from the OVS are subject to sampling error. Users are advised to exercise discretion when drawing any conclusions or inferences, or taking any action, based on the data. Data is correct as at the time of publishing. Interact with International Visitor Arrivals and Hotel Data at: stan.stb.gov.sg 2
2020 TOURISM SECTOR PERFORMANCE TOURISM RECEIPTS 2020 PERFORMANCE TOURISM RECEIPTS BY MAJOR COMPONENTS1 TOURISM RECEIPTS: S$4.8BILLION (-82.6% VS 2019) Q1 Q2 Q3 Q4 % Change vs 2019 2020 TR % Share SHOPPING S$8m q-88% S$656m S$11m S$28m $703 15% S$13m q-82% ACCOMMODATION S$862m S$31m $1,022 21% S$117m FOOD & BEVERAGE S$14m q-82% S$376m S$22m $454 9% S$42m SIGHTSEEING, ENTERTAINMENT & GAMING S$5m q-84% S$858m S$46m $951 20% S$42m OTHER TR COMPONENTS S$118m q-79% S$1,278m S$139m $1,700 35% S$166m Source: Disembarkation/Embarkation Cards, SG Arrival Cards and Overseas Visitors Survey - Sightseeing, Entertainment & Gaming includes entrance fees to attractions and nightspots, expenditure on day-tours, leisure events as well as entertainment at the Integrated Resorts. - Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical and education-related items, and by transit/transfer visitors, as well as COVID-19 related costs. Tourism Receipts (TR) for 2020 is at S$4.8 billion, a 82.6 per components – Shopping (-88%), Accommodation (-82%), F&B cent decline over the same period last year due to the impact (-82%), SEG (-84%) and Other TR Components (-79%). of COVID-19. Declines were recorded across all major 1 All Tourism Receipts estimates are correct as of April 2021. 3
2020 TOURISM SECTOR PERFORMANCE TOURISM RECEIPTS 2020 PERFORMANCE TOURISM RECEIPTS BY MAJOR COMPONENTS, TOP 10 MARKETS TOURISM RECEIPTS* : S$3.9 BILLION (-82.1% VS 2019) 1 MAINLAND CHINA Excluding expenditure on Sightseeing, S$624 million Entertainment & Gaming (SEG), Mainland China 2 (S$624 million), Indonesia (S$562 million) and India INDONESIA (S$291 million) were the top three TR generating markets for S$562 million in 2020, contributing to 41 per cent of TR (excluding SEG), with most coming from the earlier part of the year 3 pre-COVID. INDIA S$291 million TR % Change 2020 TR* vs 2019 SHOPPING ACCOMMODATION FOOD & BEVERAGE OTHER TR COMPONENTS (S$ million) q -82% Overall 18% 26% 12% 44% 3,879 q -85% Mainland China 33% 21% 8% 38% 624 q -82% Indonesia 20% 15% 8% 57% 562 q -82% India 18% 30% 13% 40% 291 q -82% Australia 11% 33% 11% 46% 235 q -85% Japan 14% 31% 10% 46% 178 q -83% USA 10% 36% 16% 39% 149 q -79% UK 6% 32% 14% 48% 138 q -82% Malaysia 21% 22% 10% 46% 135 q -80% Vietnam 18% 19% 13% 49% 133 q -83% Philippines 17% 27% 16% 40% 125 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Expenditure is estimated from Overseas Visitors Survey and other secondary data sources. Other TR components include expenditure on airfares on Singapore-based carriers, port taxes, local transportation, business, medical and education-related items, and by transit/transfer visitors, as well as COVID-19 related costs. * Sightseeing, Entertainment & Gaming has been excluded in the country analysis due to commercial sensitivity of information. 4
2020 TOURISM SECTOR PERFORMANCE INTERNATIONAL VISITOR ARRIVALS 2020 PERFORMANCE INTERNATIONAL VISITOR ARRIVALS (IVA) 2020: 2.7 MILLION (-85.7% VS 2019), VISITOR DAYS: 11.8 MILLION DAYS (-81.7%) IVA 2020 (’000s) IVA 2019 (’000s) 1,688 1,803 1,725 1,625 1,736 1,565 1,597 1,552 1,534 1,499 1,488 1,464 1,530 733 240 1 1 2 7 9 10 13 15 24 Source: Disembarkation/Embarkation cards and SG Arrival Cards Data updated as at 22 April 2021. Singapore’s international visitor arrivals (IVA) stood at 2.7 million for 2020, a 85.7 per cent year-on-year decline. IVA, TOP 15 MARKETS 2020: 2.7 MILLION (-85.7% VS 2019) % Change vs 2019 1 457,027 INDONESIA UK 6 133,336 q -78% q-85% Japan q -86% 7 125,879 357,292 q -83% 2 USA 8 MAINLAND CHINA 123,182 q-90% Philippines 9 97,881 q -88% 206,238 Germany 10 q -75% 3 95,563 AUSTRALIA q-82% South Korea 11 89,522 q -86% q -87% 175,522 Vietnam 12 74,424 4 INDIA q-88% Thailand 13 63,622 q -88% Taiwan 14 q -85% 153,650 61,887 5 MALAYSIA q-87% Hong Kong SAR 15 58,976 q -88% Others 16 468,438 q -81% 0 100 200 300 400 500 Source: Disembarkation/Embarkation Cards and SG Arrival Cards Data updated as at 22 April 2021 Indonesia (457K), Mainland China (357K), Australia (206K), Largest absolute year-on-year declines were noted for Mainland India (176K) and Malaysia (154K) were Singapore’s top China (-90%), Indonesia (-85%), and India (-88%). five international visitor-generating markets in 2020. These markets accounted for 49 per cent of total IVA in 2020. 5
2020 TOURISM SECTOR PERFORMANCE HOTEL INDUSTRY HOTEL INDUSTRY 2020 PERFORMANCE Gazetted hotel room revenue for 2020 was S$1.2 billion, a Rate (ARR3) declined by 31.3 per cent to S$152, and Revenue decline of 71.2 per cent year-on-year. Average Occupancy Rate per Available Room (RevPAR4) also dropped by 55.2 per cent (AOR2) was at 56.7 per cent in 2020, a 30.2 percentage point year-on-year to S$86 in 2020. decline compared to the same period last year. Average Room ARR, AOR and RevPAR, 2020 Average Room Rate (ARR) Average Occupancy Rate (AOR) Revenue Per Available Room (RevPAR) S$ %p % %ptsp S$ %p Overall 152 q -31.3 57 q -30.2 86 q-55.2 Luxury 352 q -22.9 48 q -40.8 168 q-58.4 Upscale 198 q -25.3 49 q -36.7 97 q-57.2 Mid-tier 116 q -31.4 60 q -28.7 70 q-53.6 Economy 74 q -31.1 63 q -21.1 47 q-48.3 Data updated as at 22 April 2021. 2 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 100 3 Standard ARR = [Total room revenue / Gross lettings] x 100 4 RevPAR = AOR x ARR NOTE: Luxury – Includes hotels in the luxury segment and are predominantly in The hotel tiering system is a reference system developed by the Singapore Tourism Board (STB) prime locations and/or in historical buildings to categorise the different hotels in Singapore into tiers based on a combination of factors that Upscale – IIncludes hotels in the upscale segment and are generally in include average room rates, location and product characteristics. prime locations or hotels with boutique positioning in prime or distinctive locations Figures for the hotel industry are preliminary estimates, based on returns as at 21 March 2020. The current hotel tiers published are based on the hotels’ performance in 2019. The response Mid-Tier – Includes hotels in the mid-tier segment and are primarily located rate across the tiers may vary. These figures exclude revenues arising from government in prime commercial zones or immediately outlying areas contracts for COVID-related uses. Economy – Includes hotels in the budget segment and are generally located in outlying areas Tourism Court 1 Orchard Spring Lane Singapore 247729 +65 6736 6622 +65 6736 9423 stb.gov.sg 6
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