For Indonesia, the growth could be attributed to greater spend on Other TR components. India led in TR ex-SEG growth due to a higher spending on Accommodation. India (18%), Indonesia (8%) and China (3%) posted the highest year-on-year absolute growth in Tourism Receipts excluding Sightseeing, Entertainment & Gaming (TR ex-SEG). BTMICE-related spending also increased.įrom January to September 2018, growth was registered across all of Singapore's top five TR source markets. For Other TR Components, airfare revenue rose on the back of more visitor arrivals via local-based carriers.
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These were partially offset by growths in Sightseeing, Entertainment & Gaming (6%) and Other TR components (21%). Tourist spending grew but was slowed by declines in Shopping (14%), Accommodation (5%) and Food & Beverage (4%). It is also heartening to see our marketing efforts and collaborations with industry partners bearing fruit." We were fortunate to have benefited from a confluence of positive factors such as strong Asia-Pacific travel demand, increased flight connectivity to Singapore, and various high-profile events.
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Record arrivals from seven markets helped boost overall VA by 6.2 per cent to 18.5 million.Ĭhief Executive of Singapore Tourism Board (STB), Mr Keith Tan, said, "We are pleased that Singapore's tourism sector performed well in 2018 despite some economic uncertainties.
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Tourism receipts (TR) rose 1.0 per cent to S$27.1 billion, mainly due to growth in Visitor Arrivals (VA) across almost all of the top 15 marketsand higher visitor spending from all top five TR markets. The core tourism industries of BTMICE, Hotels, and Cruise also posted strong results. Singapore, 13 February 2019 – 2018 marked another strong year for Singapore's tourism sector, with both tourism receipts and visitor arrivals achieving new highs.