Hotel Grand Central

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(27-08-2024, 10:56 AM)edragon Wrote: About Chinese Tourist dollar, air tickets data of year 2023; Domestic Travel by Domestic Commercial airlines have reached 100.59% of year 2019.

International travel by China Domestic Commercial airline was -58.56%, and by international and Regional Commercial airlines was -58.35% of year 2019.

Chinese in year 2023 preferred domestic travel as compared to overseas.

https://www.eiu.com/n/in-charts-chinas-o...m-in-2024/

hi edragon,

The statistic above is too general since the scope of discussion here is local tourism in Spore. A quick search and we can see that Chinese tourist arrivals in Singapore for 1st quarter 2024 is at 82% of 2019 levels, and has outperformed the average:

First-quarter arrivals from China in 2024 stood at 786,000, with tourists staying an average of 3.92 days, he added. In comparison, STB figures show that Singapore saw 960,000 incoming Chinese visitors in the first quarter of 2019

https://www.straitstimes.com/singapore/s...olden-week

And to put things into perspective for 1H24 (source from STB at Singstats: https://tablebuilder.singstat.gov.sg/table/TS/M550071) based on SG Arrival Stats for International tourists into Spore:

Jan-June 2023
Total arrivals: 6.03mil
Avg of 6 months' length of stay: 3.93days
Total tourist days = 6.03mil*3.93days=23.7mil days

Jan-June 2024
Total arrivals: 7.93mil (+31.5% YoY)
Avg of 6 months' length of stay: 3.53days (-10% YoY)
Total tourist days = 7.93mil*3.53days=28mil days (+18% YoY)

So while there is increased competition YoY, but this is on the context of a +18% tailwind in terms of tourism days. So surely, underperformers need to ask some hard questions. For example, the guys at YOTEL Singapore Orchard Road are trying to improve.

Of course, we have to continue to observe how things pan out. In July2024, total arrivals is a +12% YoY increase and that bodes well for the current peak travel season. The 2H24 results will be another data point on these "underperformers".
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Messages In This Thread
Hotel Grand Central - by portuser - 18-02-2012, 03:51 PM
RE: Hotel Grand Central - by portuser - 19-02-2012, 05:41 PM
RE: Hotel Grand Central - by chaosdiablo - 19-02-2012, 06:51 PM
RE: Hotel Grand Central - by ngcheeki - 19-02-2012, 09:00 PM
RE: Hotel Grand Central - by portuser - 19-02-2012, 11:03 PM
RE: Hotel Grand Central - by Nick - 29-02-2012, 05:22 PM
RE: Hotel Grand Central - by Sfsh12 - 01-03-2012, 10:33 AM
RE: Hotel Grand Central - by propertyinvestor - 13-07-2012, 10:41 AM
RE: Hotel Grand Central - by freedom - 13-07-2012, 10:44 AM
RE: Hotel Grand Central - by money - 13-07-2012, 11:35 PM
RE: Hotel Grand Central - by greengiraffe - 13-07-2012, 09:30 PM
RE: Hotel Grand Central - by Boon - 13-07-2012, 09:52 PM
RE: Hotel Grand Central - by Curiousparty - 14-07-2012, 12:07 AM
RE: Hotel Grand Central - by propertyinvestor - 14-07-2012, 02:31 AM
RE: Hotel Grand Central - by pianist - 14-07-2012, 01:06 AM
RE: Hotel Grand Central - by paullow - 14-07-2012, 08:54 AM
RE: Hotel Grand Central - by portuser - 14-07-2012, 09:47 AM
RE: Hotel Grand Central - by propertyinvestor - 14-07-2012, 10:36 AM
RE: Hotel Grand Central - by portuser - 14-07-2012, 11:02 AM
RE: Hotel Grand Central - by Stocker - 14-07-2012, 02:33 PM
RE: Hotel Grand Central - by propertyinvestor - 14-07-2012, 04:29 PM
RE: Hotel Grand Central - by portuser - 14-07-2012, 09:14 PM
RE: Hotel Grand Central - by freedom - 14-07-2012, 02:35 PM
RE: Hotel Grand Central - by cfa - 14-07-2012, 02:50 PM
RE: Hotel Grand Central - by cfa - 15-07-2012, 12:26 AM
RE: Hotel Grand Central - by propertyinvestor - 15-07-2012, 04:34 PM
RE: Hotel Grand Central - by cfa - 15-07-2012, 04:46 PM
RE: Hotel Grand Central - by propertyinvestor - 15-07-2012, 05:02 PM
RE: Hotel Grand Central - by cfa - 15-07-2012, 05:14 PM
RE: Hotel Grand Central - by chaosdiablo - 15-07-2012, 08:06 PM
RE: Hotel Grand Central - by portuser - 15-07-2012, 04:52 PM
RE: Hotel Grand Central - by propertyinvestor - 16-07-2012, 09:34 AM
RE: Hotel Grand Central - by Temperament - 16-07-2012, 10:15 AM
RE: Hotel Grand Central - by propertyinvestor - 16-07-2012, 10:38 AM
RE: Hotel Grand Central - by paullow - 16-07-2012, 11:07 AM
RE: Hotel Grand Central - by Temperament - 16-07-2012, 11:14 AM
RE: Hotel Grand Central - by paullow - 16-07-2012, 01:15 PM
RE: Hotel Grand Central - by propertyinvestor - 16-07-2012, 02:02 PM
RE: Hotel Grand Central - by paullow - 16-07-2012, 03:36 PM
RE: Hotel Grand Central - by Temperament - 16-07-2012, 11:53 PM
RE: Hotel Grand Central - by portuser - 17-07-2012, 07:58 AM
RE: Hotel Grand Central - by greengiraffe - 17-07-2012, 07:12 PM
RE: Hotel Grand Central - by portuser - 17-07-2012, 08:36 PM
RE: Hotel Grand Central - by propertyinvestor - 07-08-2012, 08:37 AM
RE: Hotel Grand Central - by stam - 22-08-2012, 11:33 PM
RE: Hotel Grand Central - by godjira1 - 25-09-2012, 02:20 PM
RE: Hotel Grand Central - by greengiraffe - 01-03-2013, 08:17 PM
RE: Hotel Grand Central - by kbl - 02-03-2013, 09:06 AM
RE: Hotel Grand Central - by greengiraffe - 02-03-2013, 09:14 AM
RE: Hotel Grand Central - by touzi - 31-03-2013, 11:59 PM
RE: Hotel Grand Central - by greengiraffe - 01-04-2013, 08:10 AM
RE: Hotel Grand Central - by cyclone - 17-03-2013, 02:27 PM
RE: Hotel Grand Central - by pianist - 17-03-2013, 03:01 PM
RE: Hotel Grand Central - by stam - 25-03-2013, 01:58 PM
RE: Hotel Grand Central - by greengiraffe - 26-03-2013, 08:54 PM
RE: Hotel Grand Central - by greengiraffe - 19-05-2013, 12:01 PM
RE: Hotel Grand Central - by Stockerman - 19-05-2013, 01:29 PM
RE: Hotel Grand Central - by Caelitus - 19-05-2013, 02:52 PM
RE: Hotel Grand Central - by Stockerman - 20-05-2013, 08:44 AM
RE: Hotel Grand Central - by greengiraffe - 20-05-2013, 09:29 AM
RE: Hotel Grand Central - by yawnyawn - 10-09-2013, 02:50 PM
RE: Hotel Grand Central - by opmi - 10-09-2013, 02:58 PM
RE: Hotel Grand Central - by greengiraffe - 04-05-2014, 02:31 PM
RE: Hotel Grand Central - by greengiraffe - 30-06-2014, 04:06 PM
RE: Hotel Grand Central - by valuehunter - 30-06-2014, 06:22 PM
RE: Hotel Grand Central - by portuser - 30-06-2014, 06:36 PM
RE: Hotel Grand Central - by thefarside - 30-06-2014, 05:12 PM
RE: Hotel Grand Central - by greengiraffe - 07-07-2014, 06:19 PM
RE: Hotel Grand Central - by portuser - 09-07-2014, 09:27 PM
RE: Hotel Grand Central - by greengiraffe - 26-11-2014, 06:19 PM
RE: Hotel Grand Central - by cyclone - 16-01-2015, 07:02 PM
RE: Hotel Grand Central - by kbl - 27-02-2015, 05:27 PM
RE: Hotel Grand Central - by Behappyalways - 11-03-2015, 10:55 AM
RE: Hotel Grand Central - by kbl - 11-03-2015, 11:10 AM
RE: Hotel Grand Central - by kbl - 30-04-2015, 06:12 PM
RE: Hotel Grand Central - by kbl - 15-05-2015, 09:08 AM
RE: Hotel Grand Central - by kbl - 16-05-2015, 12:46 PM
RE: Hotel Grand Central - by kbl - 18-05-2015, 09:38 AM
RE: Hotel Grand Central - by greengiraffe - 18-05-2015, 07:25 PM
RE: Hotel Grand Central - by kbl - 18-05-2015, 07:44 PM
RE: Hotel Grand Central - by greengiraffe - 18-05-2015, 08:17 PM
RE: Hotel Grand Central - by kbl - 21-05-2015, 06:27 PM
RE: Hotel Grand Central - by Caelitus - 05-06-2015, 12:16 AM
RE: Hotel Grand Central - by kbl - 05-06-2015, 05:42 PM
RE: Hotel Grand Central - by greengiraffe - 01-08-2015, 05:30 PM
RE: Hotel Grand Central - by greengiraffe - 18-08-2015, 10:48 PM
RE: Hotel Grand Central - by kbl - 12-04-2016, 01:59 PM
RE: Hotel Grand Central - by kbl - 24-05-2016, 05:41 PM
RE: Hotel Grand Central - by cyclone - 13-07-2016, 06:20 PM
RE: Hotel Grand Central - by edragon - 24-05-2016, 10:07 PM
RE: Hotel Grand Central - by cyclone - 03-06-2016, 07:08 PM
RE: Hotel Grand Central - by cyclone - 10-06-2016, 08:47 PM
RE: Hotel Grand Central - by kbl - 17-05-2017, 09:41 AM
RE: Hotel Grand Central - by kbl - 08-06-2017, 06:27 PM
RE: Hotel Grand Central - by cyclone - 08-06-2017, 06:32 PM
RE: Hotel Grand Central - by soros - 08-06-2017, 11:36 PM
RE: Hotel Grand Central - by portuser - 10-06-2017, 09:18 AM
RE: Hotel Grand Central - by Scg8866t - 22-07-2017, 03:24 PM
RE: Hotel Grand Central - by opmi - 22-07-2017, 03:27 PM
RE: Hotel Grand Central - by Scg8866t - 22-07-2017, 03:37 PM
RE: Hotel Grand Central - by kbl - 06-10-2017, 01:33 PM
RE: Hotel Grand Central - by Scg8866t - 06-10-2017, 03:11 PM
RE: Hotel Grand Central - by kbl - 06-10-2017, 03:44 PM
RE: Hotel Grand Central - by kbl - 09-10-2017, 09:44 PM
RE: Hotel Grand Central - by kbl - 16-10-2017, 10:58 AM
RE: Hotel Grand Central - by kbl - 02-03-2018, 08:32 AM
RE: Hotel Grand Central - by kbl - 02-03-2018, 09:14 AM
RE: Hotel Grand Central - by Scg8866t - 02-03-2018, 09:52 AM
RE: Hotel Grand Central - by cyclone - 07-09-2018, 05:51 PM
RE: Hotel Grand Central - by cyclone - 21-12-2018, 10:54 AM
RE: Hotel Grand Central - by Shiyi - 21-12-2018, 12:38 PM
RE: Hotel Grand Central - by Shiyi - 21-12-2018, 12:40 PM
RE: Hotel Grand Central - by cyclone - 01-03-2019, 11:02 PM
RE: Hotel Grand Central - by cyclone - 30-05-2019, 06:22 PM
RE: Hotel Grand Central - by cyclone - 14-10-2019, 06:58 PM
RE: Hotel Grand Central - by coolken163 - 16-10-2019, 11:52 AM
RE: Hotel Grand Central - by cyclone - 28-02-2020, 07:04 PM
RE: Hotel Grand Central - by ¯|_(ツ)_/¯ - 02-02-2021, 10:47 PM
RE: Hotel Grand Central - by CY09 - 08-12-2021, 10:20 AM
RE: Hotel Grand Central - by cyclone - 08-12-2021, 12:56 PM
RE: Hotel Grand Central - by weijian - 14-03-2022, 09:26 AM
RE: Hotel Grand Central - by weijian - 11-05-2024, 01:32 PM
RE: Hotel Grand Central - by ghchua - 12-05-2024, 11:52 AM
RE: Hotel Grand Central - by weijian - 13-05-2024, 12:58 PM
RE: Hotel Grand Central - by specuvestor - 11-05-2024, 02:11 PM
RE: Hotel Grand Central - by ghchua - 12-05-2024, 12:00 PM
RE: Hotel Grand Central - by specuvestor - 13-05-2024, 12:09 PM
RE: Hotel Grand Central - by weijian - 16-08-2024, 06:11 PM
RE: Hotel Grand Central - by ghchua - 26-08-2024, 12:46 PM
RE: Hotel Grand Central - by weijian - 26-08-2024, 03:27 PM
RE: Hotel Grand Central - by edragon - 27-08-2024, 10:56 AM
RE: Hotel Grand Central - by weijian - 27-08-2024, 12:05 PM
RE: St****** - by freedom - 18-02-2012, 06:51 PM
RE: St****** - by chaosdiablo - 18-02-2012, 09:58 PM
RE: St****** - by freedom - 18-02-2012, 10:13 PM
RE: St****** - by portuser - 18-02-2012, 10:48 PM
RE: St****** - by chaosdiablo - 19-02-2012, 09:32 AM
RE: St****** - by freedom - 19-02-2012, 09:47 AM
RE: St****** - by chaosdiablo - 19-02-2012, 12:57 PM

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