Tourism up 5 percent in Singapore

The Singapore Tourism Board today announced that tourism receipts for the first three months of 2014 grew 5 percent year-on-year to S$6 billion, according to the latest Tourism Sector Performance repo

Tourism up 5 percent in Singapore

The Singapore Tourism Board today announced that tourism receipts for the first three months of 2014 grew 5 percent year-on-year to S$6 billion, according to the latest Tourism Sector Performance report by the Singapore Tourism Board (STB).

Growth in tourism receipts was driven by Sightseeing, Entertainment and Gaming (SEG), which recorded a 19 per cent year-on-year growth to rake in S$1.6 billion in revenue, the STB said in the report released on Monday (July 21). Both integrated resorts reported an increase in their overall gaming revenues.

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SEG was followed by Other TR Components – which include expenditure on airfares, port taxes, local transportation, medical, business, education and transit visitors – that generated S$1.4 billion in revenue, it added.

Declines in spending on Shopping, which saw a 6 per cent drop, and Food and Beverage, which dipped 1 per cent, were seen in the quarter though. STB said.

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