Both tourism receipts and visitor arrivals for 2017 attained record highs for the second time in two years.
Tourism receipts rose by 3.9 per cent to S$26.8 billion, due primarily to growth in visitor arrivals across all top 10 markets and higher visitor arrivals from high-spending markets such as China, South Korea, United States (US) and United Kingdom (UK). Visitor arrivals increased by 6.2 per cent to 17.4 million, with 13 of the top 15 markets showing growth.
Chief Executive of Singapore Tourism Board (STB), Mr Lionel Yeo, said, “STB is pleased to report a second consecutive year of record tourism performance. The combined efforts of STB and our industry partners yielded strong results, against a context of better-than-expected global economic recovery, continued growth in Asia-Pacific travel and increased flight and cruise connectivity to Singapore. Together with significant initiatives to support industry innovation and competitiveness, we made excellent progress in 2017 towards our vision of quality tourism growth.”