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Published on : Thursday, August 3, 2017
Singapore tourism had a great start to this year with a robust growth in terms of tourism receipts and International Visitor Arrivals (IVA). As per the latest figures from Singapore Tourism Board (STB), tourists spent 15 percent more in the first quarter of the year compared to last year, with receipts reaching S$6.4 billion.
Shopping constituted 25 percent of the total tourists’ spending, which recorded a 38 percent growth to S$1.6 billion. Accommodation was the next biggest contributor to the strong tourists’ expenses, which saw receipts go up by 18 percent to S$1.55 billion. Food & beverage receipts also increased, growing 14 percent to S$693 million. Other components also reported an increase, reporting a 7 percent growth to S$1.5 million. Only the spending for sightseeing, entertainment & gaming reported a flat growth in the said quarter, remaining stable at S$1.1 billion.
Excluding the sightseeing segment, tourists from China, Indonesia, and India ranked as the three biggest spenders with total receipts of S$1.1 billion, S$688 million, and S$302 million, respectively. The tourism board also saw a development in the visitor days, up 2% to 14.6 million days.
China (851,000), Indonesia (720,000), Malaysia (275,000), Australia (272,000), and India (241,000) were the top five visitor-generating markets in this quarter, accounting for 55 percent of total visitor arrivals in the period.
Tags: Singapore Tourism