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danger ( Date: 15-Feb-2017 09:55) Posted:
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danger ( Date: 15-Feb-2017 09:44) Posted:
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The Republic tourism industry made a dramatic comeback last year, notching a historic high for visitor arrivals as well as tourist receipts, and reversing its fortunes from 2015.
Tourist receipts last year grew by 13.9 per cent to S$24.8 billion, based on preliminary estimates from the Singapore Tourism Board (STB) released on Tuesday. Leading the charge in ringing up the tills in shopping, accommodation and food and beverage were tourists from China, Indonesia and India, said the agency.
For the second year running, tourists from China were the top spenders in Singapore, notching up S$2.8 billion in tourist receipts, with the bulk of the spending going into shopping.
The agency said that tourist receipts from China increased because of a larger volume of tourists, a result of the STB ' s promotion efforts in Tier 1 Chinese cities such as Beijing and Shanghai, and Tier 2 cities such as Nanjing, Xiamen and Shenyang. Tourists from Indonesia and India spent more on shopping and accommodation.
Meanwhile, tourism arrivals grew by 7.7 per cent to 16.4 million, with the top three visitor markets being Indonesia, China and Malaysia. The STB also said the top three growth market sectors were China, which grew by 36 per cent from 2015 India, at 8 per cent as well as Indonesia, at 6 per cent
The Republic &rsquo s tourism industry made a dramatic comeback last year, notching a historic high for visitor arrivals as well as tourist receipts, and reversing its fortunes from 2015.
Tourist receipts last year grew by 13.9 per cent to S$24.8 billion, based on preliminary estimates from the Singapore Tourism Board (STB) released on Tuesday. Leading the charge in ringing up the tills in shopping, accommodation and food and beverage were tourists from China, Indonesia and India, said the agency.
For the second year running, tourists from China were the top spenders in Singapore, notching up S$2.8 billion in tourist receipts, with the bulk of the spending going into shopping.
The agency said that tourist receipts from China increased because of a larger volume of tourists, a result of the STB&rsquo s promotion efforts in Tier 1 Chinese cities such as Beijing and Shanghai, and Tier 2 cities such as Nanjing, Xiamen and Shenyang. Tourists from Indonesia and India spent more on shopping and accommodation.
Meanwhile, tourism arrivals grew by 7.7 per cent to 16.4 million, with the top three visitor markets being Indonesia, China and Malaysia. The STB also said the top three growth market sectors were China, which grew by 36 per cent from 2015 India, at 8 per cent as well as Indonesia, at 6 per cent
Far East Hospitality Trust (SGX: Q5T) is a real estate investment trust. It has approximately 280 units of retail, office and serviced office commercial spaces. Its hotel properties include Village Hotel Changi, The Elizabeth Hotel, Orchard Parade Hotel.
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