Tourism receipts soar in Singapore

Tourism receipts soar in Singapore

Global tourism receipts to Singapore have increased 35.7% in this year’s first quarter compared to the same period last year, according to the country’s tourism board. The US$4.03 billion worth of receipts is said to have been registered across shopping, accommodation, F&B, sightseeing and entertainment. It follows the opening of a Universal Studios theme park and the Marina Bay Sands resort, as well as the hosting of Broadway musicals and an increasingly recognised gastronomy scene. “The rise in tourism receipts in the first quarter of this year shows Singapore is continuing to go from strength to strength following a record year for tourism in 2010,” said Jason Ong, area director MEA at Singapore Tourism Board. “The recovery of Singapore’s tourism industry has been achieved on the back of the resurgence of the Asian economies together with the world-class tourism products and events that have been launched in Singapore in the past year”. STB has forecasted US$17.5-19.1 billion in tourism receipts this year, compared to US$14.9 billion in 2010.

Mark Elliott
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Mark Elliott
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