Singapore and the all-important MICE trade
February 1, 2011
The Singapore government’s assumption that by legalizing casinos this will increase both tourism and business travel to the city seems a reasonable one. There are, though, some structural issues that could create a lack of correlation between the introduction of casinos and the growth of the local MICE market.
According to Singapore Tourism Board statistics for 2009, the city had on average 26,523 tourist arrivals per day, served by a maximum of 32,709 gazetted hotel rooms at year’s end. That’s 1.2 hotel rooms per visitor per day. But only around 58 percent of tourists (15,383 per day) actually stay in gazetted hotels, according to the STB. Around 21 percent stay with friends and family. That changes the ratio to a much more favorable 2.1 rooms for every tourist arrival seeking hotel space. Were, however, an additional 80,000 daily MICE visitors and 4,300 new hotel rooms from the casinos to be added to the mix, that would produce a total of 106,523 visitors per day effectively competing for access to only 37,009 hotel rooms of international standard. That’s only 0.3 rooms per visitor.
LENGTH OF STAY
Reprinted with permission from Inside Asian Gaming.
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