Published on : Tuesday, December 26, 2017
But the retail industry continues to struggle with weakness, despite the improving economy.
According to preliminary estimates from the Singapore Tourism Board (STB), the country received about 13.05 million visitors in the first three quarters of 2017, up 5 per cent year-on-year. Arrivals from China went up by nearly 10 per cent to some 2.49 million travellers, outpacing Indonesia.
Arrivals from Indonesia, which has traditionally been Singapore’s top source market, were lower than China’s at 2.17 million. If arrivals continued at this pace in the final quarter of 2017, Singapore could surpass the 17 million visitor mark this year.
The restrictions imposed by the Chinese government regarding travel to South Korea could also mean spill over benefits for Singapore.