Singapore Tourist Arrivals Continue to Drop

Singapore in August posted the smallest decline in tourist arrivals so far in 2009, data released Monday by the Tourism Board showed, but the bad news for the new IR Casino resorts is the news that city-state’s hotels continued to suffer from slumping revenues.

Marina Bay Sands

Visitor arrivals to Singapore reached 844,000 in August, a decline of 0.7 per cent compared with the same month a year earlier.

But hotel revenues were estimated at 125 million Singapore dollars (88 million US dollars), a drop of 24.8 per cent compared with August last year, the board said in a statement.

The average room occupancy rate was at 79.5 per cent in August, a decrease of 0.9 percentage points compared with a year ago.

Singapore’s tourism industry saw business plummet in the first half of 2009 as travelers cut back on their spending because of the global economic crisis.

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