SINGAPORE – Tourists to Singapore spent an estimated S$5 billion in the second quarter of this year, registering an 18 per cent year-on-year increase.
All tourism receipt components, including shopping, accommodation, food and beverage, sightseeing and entertainment, saw year-on-year growth.
Excluding sightseeing and entertainment expenditure, Indonesia, China and India were Singapore’s top three tourism receipt-generating markets, according to the Tourism Performance Quarterly Report released by the Singapore Tourism Board (STB) on Monday.
The Indonesians spent S$677 million here, followed by tourists from China and India who spent S$447 million and S$305 million respectively.
The STB said all top 10 tourists markets registered growth in tourism receipts this year, except the US and Thailand. There was a drop in business traffic from the US while Thailand also saw lower discretionary spending.
International visitor arrivals for the second quarter stood at 3.2 million, representing a 14 per cent year-on-year growth.