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336007
Tue, 07/22/2014 - 06:33
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Tourists To Singapore Spend S$6 Billion In Q1

SINGAPORE, July 22 (Bernama) -- Tourism receipts (TRs) for Singapore in the first quarter of 2014 grew by five per cent year-on-year to S$6 billion while international visitor arrivals (IVAs) held steady at 3.9 million from the same quarter last year, according to Singapore Tourism Board (STB). STB, in its Tourism Sector Performance Q1 2014 report, said growth in TRs was driven by sightseeing, entertainment & gaming (SEG) (+19 per cent), accommodation (+2 per cent) and other TR components (+5 per cent). It said spending by the business travellers and meetings, incentives, conventions and exhibition segment (+4 per cent) also increased after reported corporate cutbacks last year. However, declines in spending on shopping (-6 per cent) and food and beverages (-1 per cent) were observed in Q1 2014. Excluding expenditure on SEG, China (S$800 million), Indonesia (S$658 million) and India (S$284 million) were the top three TR-generating markets in Q1 2014, and made up 39 per cent of TR (excluding SEG). Of the top 10 markets, Japan (+11 per cent), UK (+11 per cent) and Thailand (+8 per cent) had the highest year-on-year growth in TRs. According to the report, visitor arrivals in Q1 2014 were mainly impacted by the 14 per cent decline in arrivals from China due to the continuing impact of the tourism law which was introduced on Oct 1, 2013. Excluding visitor arrivals from China, IVA grew 2.8 per cent year-on-year, it said. Indonesia (749,000), China (557,000), Malaysia (288,000), Australia (270,000) and Japan (215,000) were Singapore's top five international visitor generating markets from January to March 2014. These markets accounted for 54 per cent of total IVA for the first quarter. --BERNAMA

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