The Business Times
business-time-50

Singapore's tourism receipts down 39% to S$4b in Q1

Decrease observed across the board; international visitor arrivals to Republic decline by 43.2% on the year to 2.7m visitors

google-preferred-sourceAdd BT as a preferred source
Published Fri, Jul 17, 2020 · 09:50 PM
    Falling occupancy

    Singapore

    SINGAPORE'S tourism receipts took a hit in the first quarter of this year amid the Covid-19 pandemic, sinking 39 per cent from the year-ago period to S$4 billion, according to figures released on Friday in the Singapore Tourism Board's (STB) quarterly report.

    STB said that the decrease in tourism receipts was observed across the board. Takings from the shopping component saw the sharpest fall, as they were more than halved (52 per cent) to S$656 million.

    Singapore Tourism BoardHotelsTravelTourism

    TRENDING NOW

    Buntono is accused of possessing properties that, in part, represent his benefits from income tax evasion, including a Lamborghini Aventador similar to the one pictured.

    Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering

    Hong Kong youth no longer see a stable job and a lifetime of work as the only life goal – instead, they place greater emphasis on freedom and quality of life.

    Not in education, employment or training: Why more Hong Kong youths are opting out of work

    Vietnam has the highest rate of generative AI usage among the South-east Asian markets surveyed, with 36% of workers saying they used such tools “nearly every day”.

    Vietnam workers keenest on AI in South-east Asia; Singapore employees among most sceptical: survey

    Stash will remain a standalone entity as part of Grab’s business, retaining its current recurring revenue model, services and brand.

    Grab completes US$425 million acquisition of US-based Stash Financial

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More