Tourists spent $24.8b in Singapore in 2016, arrivals reached 16.4m

Published on : Tuesday, February 14, 2017

SingaporeIn the year 2016, tourist arrivals as well as their spending reached record heights, mainly driven the growth of the China market. Furthermore, the visitors have actually spent more on food and beverage, accommodation and shopping.

 

The number of tourists increased by 7.7% to 16.4 million last year.

 

Tourism receipts have risen by 13.9% to $24.8 billion, as estimated by the Singapore Tourism Board (STB) show. The revised tourism figures mark a sharp contrast to the scenario of 2015 that witnessed a slump of tourism revenue by 7.6% to $21.8 billion.

 

This has been the first decline since the year 2009.

 

Tourists have spent about 48% more on shopping between January and September 2016 as compared to the same period in 2015. This was on account of increased spending on fashion accessories, souvenirs, gifts and confectionery, according to STB.

 

Visitors were also ready to shell out a greater amount for accommodation that increased by 28% and food and beverage that saw a 24% rise.

 

Having said that, gaming, entertainment and sightseeing fell by 16% with lower gaming revenue as reported by integrated resorts. Indonesia continued to be the top source of tourists to the Republic for 2016, surpassing China. This was followed by Malaysia that experienced a 2% decline. India, on the other hand, beat Australia for the fourth position.

 

Chinese travellers were the biggest spenders for the second year in a row, with a 36% rise in tourist arrivals, thereby making it the leading growth market.

 

There were increased tourist arrivals from Tier 1 and Tier 2 cities in China, Indonesia and India.

 

The maximum decline in tourist numbers were from Hong Kong (-12%), owing to its weak economic performance.

 

The business events and cruise sectors demonstrated double-digit year-on-year growth.

 

Over 410 business events were conducted here in the year 2016.

 

Lionel Yeo, the chief executive of STB said that though there has been challenges that include a weak economic performance in some of the leading source markets of Singapore and also an outbreak of Zika virus, Singapore has been able to lure in more quality tourists to contribute to economic growth.

 

 

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