Showing posts with label 12 pct in 1H. Show all posts
Showing posts with label 12 pct in 1H. Show all posts

Wednesday, August 5, 2009

Singapore tourist arrivals fall 12 pct in 1H


SINGAPORE -- Singapore tourist arrivals dropped in the first half of the year as travelers cut back on trips amid a global recession.

The city-state had 4.5 million tourists in the first six months of 2009, representing a 11.5 percent decline from the same period last year, the Singapore Tourism Board said Thursday. Revenue from tourism fell 13.5 percent to 6.4 billion Singapore dollars ($4.4 billion) in the January-June period, the board said.

The slump in tourism helped shrink the economy for a year until gross domestic product grew an annualized, seasonally adjusted 20 percent in the second quarter.

The board reiterated its target for tourist income between SG$12 billion and SG$12.5 billion this year compared to SG$14.8 billion last year. It aims to attract 9 million and 9.5 million tourists in 2009 versus 10.1 million in 2008.

In June, arrivals dropped 8.9 percent to 750,000 from 823,000 a year earlier. Arrivals in June rose 3.3 percent from May.

The board said hotel revenue fell 35 percent to SG$115 million ($80 million) in June from SG$177 million a year earlier.

The average hotel room rate fell to SG$179 in June, down 28 percent from a year earlier.

Source

Kontera Tag