Singapore’s tourism receipts fall despite increased arrivals
Singapore's visitor arrivals grew 0.9 percent to 15.2 million in 2015, however, the increase in visitors didn't bring in more income, said the Singapore Tourism Board (STB) in its annual report.
Singapore (VNA) - Singapore's visitor arrivals grew 0🏅.9 percent to 15.2 million in 2015, however, the increase in visitors didn't bring in more income, said the Singapor💜e Tourism Board (STB) in its annual report released on January 29.
The total tourism receipts declined by 6.8 percent to 15.7 billion USD largely due to a decline in BTMICE (business trips, meetings, incentives, conferences and exhibitions) visitor arrivals and less spending by those coming from Indonesia, Australia and Malaysia.
This mixed performance came on the back of various headwinds such as an uncertain global economic outlook and weak currencies in some of Singapore's top source markets.
Notably, arrivals from Indonesia – Singapore’s largest market hit 2.7 million, down 10 percent. Meanwhile, Chinese arrivals - the second largest source of Singapore, grew 22 percent but their spending fell 5 percent from 2014.
The top growth markets for visitor arrivals were Taiwan (China) (+ 22 percent), India (+7 percent), the Republic of Korea (+7 percent).
Japan and the UK led the growth markets for tourism receipts with a respective increase of 6 percent and 4 percent.
STB forecast tourism receipts to be in the range of 15.7 - 16 billion USD and international visitor arrivals in the range of 15.2 million to 15.7 million in 2016.-VNA
International tourist arrivals to Singapore in the first half of this year fell by 2.8 percent year-on-year to 7.5 million, mainly due to a decline in the number of Chinese visitors.
In the first half of this year, Singapore received 7.5 million international visitors, down by 3 percent compared to the same period last year, with tourism revenue growing by 2 percent year-on-year to 11.8 billion SGD (roughly 9,4 billion USD).
The Singaporean Government has recently announced a financial package of 20 million SGD (over 15 million USD) to implement a series of measures globally in an effort to draw international tourists to the island.
This year’s Singapore Food Festival, its biggest one yet, is held from July 20 to August 2, featuring 13 gastronomic events across the country, according to the Singapore Tourism Board.
Vietnamese tourists are welcomed in Singapore , as confirmed by the Singapore Tourism Board (STB) in a letter recently sent to the Vietnam National Administration of Tourism.
Singapore’s top tourism official is optimistic about meeting the year’s target of drawing between 15.1 - 15.5 million tourists despite a decrease of arrivals in the first seven months of the year.
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The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
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The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
Singapore (Source: glogster.com)
