Published:
Singapore's tourist count jumps 9.1% to 14.4m
But the length of stay dipped to just 3.45 days.
According to OCBC, while visitor arrival figures for 1Q12 to 3Q12 demonstrated declining rates of YoY growth (+14.7%, +8.3%, +3.1% respectively), 4Q12 staged a rebound with visitor arrivals up 11.0% at 3.7m (preliminary figures).
2012 visitor arrivals totaled 14.4m, up 9.1% and near the high end of STB’s 13.5m-14.5m target.
Here's more from OCBC:
However, the total gross lettings for hotels was stagnant at 10.7m room nights.
It is likely that the average length of stay has declined further from the 3.73 days in 2011, e.g. down to 3.45 days, and larger proportions of tourists may be staying in non-hotel accommodations.
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