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
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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.
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