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Industry outlook positive, but competition is increasing

Samantha Chiew
Samantha Chiew • 10 min read
Industry outlook positive, but competition is increasing
SINGAPORE (Dec 20): Good news for Singapore’s tourism sector — visitor numbers rose in 2019. According to statistics released by the Singapore Tourism Board (STB) on Oct 30, there were 9.3 million visitors in the first half of the year. This represent
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SINGAPORE (Dec 20): Good news for Singapore’s tourism sector — visitor numbers rose in 2019. According to statistics released by the Singapore Tourism Board (STB) on Oct 30, there were 9.3 million visitors in the first half of the year. This represented a 1.3% increase in international visitor arrivals, compared with the first half of 2018.

Visitors spent $13.1 billion in 1H2019, 3% less than the previous year. This was led by a 13% drop in spending on accommodation, followed by a 5% fall in F&B spending and a 2% contraction in spending on sightseeing, entertainment and gaming.

However, shopping remains popular with visitors — shopping expenditure rose 2% to $2.8 billion during the six months. This is an improvement from 1H2018, which saw a 15% y-o-y drop in shopping expenditure to $2.7 billion.

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