Singapore tourism doubles in the last ten tears

Published on : Wednesday, October 25, 2017

WTTC global summit to take placeSingapore’s tourism has doubled in the past decade to reach US$12.4 billion (S$17 billion) in 2016 and supports around 164,000 jobs, as per the latest release from the World Travel & Tourism Council (WTTC).

 

According to the WTTC, Chinese cities will be at the forefront of tourism growth over the next 10 years.

 

“With the world average growth rate at 4 per cent per year, and Asia-Pacific at 5.8 per cent, these cities are significantly outpacing both the regional and global average,” the study noted.

 

With 14 percent growth per year, Chongqing leads the league, followed by Guangzhou at 13.1 percent, Shanghai at 12.8 percent and Beijing at 12 percent.

 

The other cities on the top 10 list are Chengdu (11.2 per cent), Manila (10.9 per cent), Delhi (10.8 per cent), Shenzhen (10.7 per cent), Kuala Lumpur (10.1 per cent) and Jakarta (10 per cent).

 

WTTC said that travel and tourism are key drivers of investment and economic growth globally. The sector contributes US$7.6 trillion, or 10.2 per cent of global gross domestic product, and accounts for 292 million jobs. That is one in 10 of all jobs on the planet.

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