THE M3: S'PORE JULY VISITATION; UNEMPLOYMENT

The Macau Metro Monitor, August 27th 2010

 

VISITOR ARRIVALS TO S'PORE UP 24.1% TO EXCEED 1 MILLION IN JULY Channel News Asia, STB

Singapore visitor arrivals reached 1,095,000 in July (24.1% YoY growth), the first time that visitor arrivals have exceeded 1 million in a single month.  STB attributed the growth to improved travel sentiment, the two IRs, and the Great Singapore Sale.  Visitor days increased 21% YoY to 4.3 million days.

Indonesia (232,505), China (117,728), Australia (87,273), Malaysia (82,512) and India (64,862) were Singapore's top five visitor-generating markets. China registered the highest growth at 62.8%, followed by Malaysia at 52.6% and HK at 39.9%. Hotel room revenue increased 37.2% YoY to S$173 million as occupancy rose 10.2% points to 90% and ADR increased 19.9% YoY to S$209.

 

THE M3: S'PORE JULY VISITATION; UNEMPLOYMENT - SINGA1


EMPLOYMENT SURVEY FOR MAY-JULY 2010 DSEC

The unemployment rate for May-July 2010 was 2.9%, up 0.1% point over the previous period (April-June 2010).  Total labor force was 326,000 in May-July 2010 and the labor force participation rate stood at 71.5%, with the employed population decreasing by about 200 over the previous period to 317,000.  Number of the unemployed increased by about 300 from the previous period to 9,600.

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