Singapore,
30th November: Last week, the Singapore Tourism Board (STB)
reported its statistics related to the Tourism
Sector Performance. In the first half of 2012, tourism receipts grew 7%,
while international visitor arrivals were up by 8%.
During the first six months of the year,
tourism receipts came in Singapore at S$11.5 billion (US$9.4 billion) and a
total of 7.1 million international visitors arrived in Singapore.
It is expected that in the second half of
the year, the tourism industry in Singapore will begin to slowdown. This
slowdown will be driven largely by an anticipated weakening of the global
economic environment.
Yvonne Low, executive director, The
Traveller DMC, said, “Singapore’s strong currency has been particularly
off-putting for regional leisure markets such as China and India. Not only are
customers looking at other less expensive South-east Asian destinations such as
Thailand, even Europe and the Caribbean now offer significantly better value
than Singapore and some are actually choosing to head there instead.”
This post is excerpted from BSG's weekly
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