- POSTED: 09 May 2014 21:08
- UPDATED: 10 May 2014 05:10
Singapore remains an attractive destination in 2013, ending the year with record tourism receipts and international visitor arrivals.
SINGAPORE: Singapore remains an attractive destination in 2013, ending the year with record tourism receipts (TR) and international visitor arrivals (IVA).
The full-year TR came in at S$23.5 billion, a 2 per cent year-on-year increase, while IVA grew 7 per cent to 15.6 million, a Singapore Tourism Board report showed.
IVA in the fourth quarter of 2013 held steady against the same period in 2012.
While most of Singapore's key markets grew, arrivals from China saw a 31 per cent decline due to the country's new tourism law that took effect from October 1, 2013.
However, the new law did not have an adverse impact on the spending by Chinese visitors, which grew a slight one per cent in the fourth quarter of last year.
Tourism receipts for Q4 were estimated at S$5.7 billion, a 5 per cent decline over the same period a year ago.
Most major TR components registered a decline, with the exception of accommodation which rose 7 per cent.
Shopping and sightseeing, entertainment & gaming (SEG) recorded the largest declines of 10 per cent and 9 per cent respectively.
Gazetted hotel room revenue grew 4.7 per cent to S$0.7 billion in Q4 and 3.9 per cent to S$2.9 billion for the whole of last year.