Published on : Saturday, June 24, 2017
The figures from Singapore Tourism Board (STB) revealed around 5.79 million visitors during that period, of which 1.1 million were from China. The STB has also been inking memorandums of understanding (MOUs) with online travel services and social review sites in China to promote Singapore. The latest agreement was with tech giant Tencent.
Arrival figures from China – which outperformed last year’s leading feeder market Indonesia, were up 8.3 per cent for the first four months of this year. The increasing flows of visitors have made China a major source market for Singapore in recent years.
“The strengthening of the Singapore dollar is expected to persist this year, and this could continue to deter some Indonesians from travelling to Singapore,” said Christine Li, Cushman & Wakefield’s research director.
“As the demand and occupancy level for luxury hospitality accommodation has not declined significantly from last April, ARR for these luxury hospitality accommodations was able to increase,” said HVS Asia-Pacific’s managing partner Chee Hok Yean. She added, “Most of the new supply which opened in 2016 were mainly in the upscale and mid-tier segment, which resulted in great competition in ARR among these segments.”