Published on : Thursday, October 31, 2019
The Board says that the tourism receipts reached SG $13.1 billion, a decline compared to the same period last year. The tourism body has said that there had been lower expenditures in the accommodation, food, beverages and sightseeing and entertainment category while shopping and other TR components have seen an increase in tourism spend.
The Board has also highlighted tourist receipts for the second quarter of 2019. While the international visitors’ arrival has increased by 1.7 per cent year-on-year to reach 4.6 million visitors, TR has come down by 1.3 per cent to reach SG$6.5 billion.
Shopping expenditure has also been increased by 11 per cent while there has been a decline in accommodation expenditure by 13 per cent and 3 per cent decline in food and beverages expenditure. The entertainment and gaming section is also hit. Expenditures have been reduced by 1 per cent in this category.
Expenditures on airfare, port taxes and local transportation have been steady during this period though.
China and Indonesia are among the top TR generating markets in 2019 and have contributed 42 per cent of total tourism spend while the United States, Vietnam and Philippines have registered the highest year-on-year growth in tourist’s receipts for the second quarter.
While Americans have found to spend the largest proportion on their accommodation, Chinese have spent mostly on shopping and tourists from the Philippines have dedicated their budget on food and beverages.
The Singapore Tourism Board has been making efforts to drive tourism to Singapore. It collaborated with online agencies to promote itself as a topmost tourist destination. It also came up with new tourism development in Jurong Lake District and created many other attractions in other places.
However, uncertainties in the global economy and currency fluctuations against the Singapore dollar have caused cautious spending by the tourists in Singapore.