Tourist arrivals and spending hit record highs in 2013; spending growth slowest since 2009
Published on Feb 17, 2014 2:30 PM
Singapore welcomed a record 15.5 million tourists last year, with arrivals rising 7.2 per cent from 2012.
Although tourist spending also hit a record $23.5 billion, the 1.6 per cent growth in 2013 was the slowest since 2009, according to preliminary estimates by the Singapore Tourism Board (STB) released Monday.
The slower growth in spending was led by business travellers, who spent 6 per cent less between January and September last year, compared to the same period in 2012.
STB attributed this to a cutback in corporate travel budgets.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!