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Tourism receipts fell by 1.3% quarter-on-quarter, spending lesser on food and beverage, and accommodation.
The Singapore Tourism Board revealed more tourists flocked to Singapore in the second quarter of 2019 compared to the same period in 2018 but they have spent less, reported Channel News Asia.
Tourist arrivals increased by 1.7% on-year to 4.6 million, with visitors from Indonesia, Malaysia, Australia, China and India comprising the top five markets.
Tourism receipts in the second quarter, meanwhile, dropped by 1.3% to S$6.5 billion, as tourists spent less in sectors such as food and beverage, and accommodation.
The food and beverage segment, which makes up 9% of tourism receipts, dropped by 3% to S$586 million.
Accommodation, accounting for 20% of tourism receipts, had the biggest drop with a decline of 13% to S$1.31 million. Despite the drop, however, gazetted hotel room revenue remained steady at around S$1 billion.
Tourists spent more on shopping, resulting in the segment recording an 11% rise to S$1.39 million, making up 21% of tourism receipts.
Not including the sightseeing, entertainment and gaming segment, India (S$478 million), Indonesia (S$757 million) and China (S$897 million) became the top three revenue markets, accounting for 42% of tourism receipts.
Among the top 10 markets, the US, the Philippines and Vietnam recorded the biggest on-year growth in tourism receipts, not including the sightseeing, entertainment and gaming segment.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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