Tag: Tourist Spending
Singapore Tourism records drop in tourist spending in Q2
Despite some 4.6 million visitor arrivals, Singapore tourism sector recorded a drop in overall spending in the second quarter of the year by 1.7 per cent to USD 6.6 billion, compared with the same period last year. It was revealed by the quarterly report by Singapore Tourism Board (STB) The dip in tourism spending was attributed to lower spending in areas like shopping, 22 per cent less and food and beverage, 15 per cent less, and in sightseeing, entertainment and gaming, 2 per cent less. However, tourism spending grew for accommodation (6 per cent) and a miscellaneous category that includes ... Read more