Breaking News

News Article

Q1 2019 tourist spending drops despite increased arrivals

Despite a rise in the number of tourists, tourism spending dropped in the first half of the year relative to the same era last year; the Singapore Tourism Board said in a study on Monday (Aug 5).

International tourist numbers rose by 1% year-on-year to 4.7 million tourists with China (960,000), Indonesia (725,000), India (300,000), Malaysia (283,000) and Australia (263,000) as the bottom five industries, representing 54% of complete arrivals.

Among these industries, China had the highest development level of 3%, while Indonesia had the slowest development frequency of 3%.

Receipts for tourism for the same era dropped to S$6.5 billion by 4.8 per cent.

This was owing to visitors expenditure less on dining, housing, sightseeing, meat and drink industries.

Shopping and food and beverage expenditures, totalling S$1.37 billion and S$588 million combined in revenues, each decreased by 7 per cent relative to the prior year.

Although S$1.26 billion was invested in housing, a 12% drop from the past year, year-on-year gazetted restaurant income rose by 4.3% to S$1 billion.

China ($1,093 billion), Indonesia ($732 million) and India ($338 million) were the top three revenue-generating markets, accounting for 34% of tourism receipts, excluding sightseeing, entertainment and gaming.

CIMB Bank - Best exchange rate SG > MY

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.