GSS spending on MasterCard up 11.2% to about $2 billion
Published on Aug 19, 2014 3:29 PM
SINGAPORE - MasterCard holders spent more than US$1.6 billion ($2 billion) at this year's Great Singapore Sale (GSS), an increase of 11.2 per cent from last year.
The number of transactions rose 12.5 per cent to reach 13.5 million this year, the company said in a press release on Tuesday.
Spending by tourists made up a third of the total spend during the eight-week sale, which ran from May 30 to July 27. The top five tourist spenders, which remained unchanged from last year, were from Australia, Malaysia, China, Japan and Indonesia.
Visitors from China, in particular, jumped from being the fifth biggest foreign spenders last year to third this year. They spent US$40.8 million on their MasterCard and made 236,000 transactions in Singapore - up 30 per cent from the same period last year.
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