The Macau Metro Monitor, July 14, 2011
ECONOMIC GROWTH EASED IN SECOND QUARTER 2011 MTI
S'pore Q2 GDP growth slowed to 0.5% YoY, missing analyst expectations of 1.5% growth. On a seasonally-adjusted basis, the economy contracted by 7.8% QoQ (consensus at -1.9%). But MTI said, "tourism-related sectors such as hotels and restaurants continued to register healthy growth due to strong visitor inflows."
PACKAGE TOURS AND HOTEL OCCUPANCY RATE FOR MAY 2011 DSEC
Visitor arrivals in package tours increased by 2.2% YoY to 582,596 in May 2011. Visitors from Mainland China (431,562); China (31,321); Hong Kong (25,170) and Republic of Korea (21,055) increased by 2.2%, 47.1%, 23.6% and 43.1% respectively.
Total number of available guest rooms of hotels and guest-houses increased by 1,945 (+9.9%YoY) to 21,518 rooms, attributable to the opening of new 5-star hotels. Hotels and guest-houses received 689,495 guests in May 2011, up by 5.9% YoY, with the majority coming from Mainland China (54.3% of total) and Hong Kong (18.5%). The average length of stay of guests decreased by 0.01 night to 1.5 nights.The average occupancy rate of hotels and guest-houses was 82.0%, up by 4.1% points YoY.