Singapore’s tourism receipts grow by 12% in first half of 2016

Published on : Wednesday, November 9, 2016

SingaporeThe revenue from tourists spending in Singapore increased by 12 percent for the first six months in 2016, said Singapore Tourism Board (STB) on Tuesday (Nov 8).

 

STB also observed that “more visitors are choosing to stay in paid accommodation, particularly in mid-tier hotels.”

 

Tourism receipts (TR) grew by 12 percent to reach 11.6 billion Singapore dollars (8.14 billion U.S. dollars) in the first half of 2016.

 

This growth was mostly volume-driven due to a strong growth of visitor arrivals of 13 percent from January to June this year and backed by higher expenditure in shopping, accommodation and food and beverage.

 

“This helped to offset the fall in sightseeing, entertainment and gaming that was due largely to a decline in gaming revenue as reported by the integrated resorts,” said STB in their quarterly report.

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