But overall tourism spending dropped by 6 per cent to $5.7billion. The report showed that visitors spent less on accommodation, shopping, and sightseeing and entertainment. They spent the same amount on food and beverage. The decline in spending was driven mainly by a 6 per cent drop in the number of business travellers. This group also dished out less money across all components. In particular, they spent 21 per cent less on accommodation, due primarily to a downgrading in hotel types.
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Here is the report by Singapore Tourism Board:
Tourist sector performance Q1 2013 report
Singapore remains an attractive holiday destination in Quarter One (Q1) 2013. Excluding Sightseeing & Entertainment (including Gaming) expenditure, Tourism Receipts (TR) for Leisure saw an 8 per cent year-on-year increase. All components in Leisure spend saw an increase, except for Shopping (-3 per cent).
There was, however, a drop in BTMICE visitor arrivals (-6 per cent) and in their spending across all components, particularly in Accommodation (-21 per cent) which was due to a trading down to midtier hotel types. Sightseeing & Entertainment (including Gaming) EXECUTIVE SUMMARY Quarter One 2013 Highlights spend also saw an 11 per cent decline, following the two integrated resorts' reports of a 14 per cent decline in SGD net gaming revenue in Q1 2013. Due to these two factors, the overall TR for Q1 2013 saw a 6 per cent decline over Q1 2012, coming in at S$5.7 billion.
International Visitor Arrivals (IVA) for Q1 2013 stood at 3.9 million, registering a 9 per cent year-on-year growth, with Indonesia, P R China, Malaysia, Australia and Japan as the top 5 markets. Gazetted hotel room revenue was an estimated S$0.7 billion, a relatively flat growth of 0.8 per cent y-o-y.
Tourism Receipts (TR) for quarter one (Q1) 2013 were estimated at S$5.7 billion, a 6 per cent decline over the same period last year. Declines were observed for all TR components, with the exception of F&B. Spending on S&E (including gaming) declined by 11 per cent year-on-year as both integrated resorts reported declines in their overall gaming revenues.
The decline in overall TR was driven mainly by a drop in business visitor arrivals (-6 per cent) and reduced spending across all components. This is particularly pronounced in accommodation (-21 per cent) due primarily to a downgrading in hotel types. As a result, business visitors' TR (excluding SE&G) declined by 20 per cent year-on-year.
The decline in BTMICE traffic was also reported by several markets in the region, such as China, Hong Kong SAR, Taiwan, Japan, South Korea and Australia. Industry feedback further suggested that businesses were generally cutting down on business trip budgets and the number of trips to various regional destinations, including Singapore.