Tourism receipts slipped 1.7% to $6.6b in Q2

The decline was led by the 22% YoY decrease to $1.26m in shopping.

Tourism receipts (TR) fell 1.7% to $6.6b due to a decrease in most segments, the Singapore Tourism Board (STB) revealed. This was despite the 8% YoY increase in international visitor arrivals (IVA) which reached 4.6m for the quarter.

Data from the agency revealed that the declines in tourism receipts were led by the 22% decrease to $1.26m in shopping and the 15% drop to $601m in food and beverage. Sightseeing, entertainment and gaming also saw a 2% dip to $1.45m.

On the other hand, TR receipts for accommodation and other TR components including airfares on Singapore-based carriers, business and transit visitors grew 6% and 20% respectively to $1.48m and $1.78m.

The agency also revealed that China continued to lead the generation of tourism receipts with $988m in Q2. It was followed by Indonesia with tourism receipts totalling $766m and India with $566m.

China (1.7 million), Indonesia (1.5 million), India (0.8 million), Malaysia (0.6 million) and
Australia (0.5 million) were Singapore’s top five international visitor-generating markets in 2018, according to STB.

“China (+11%), India (+16%) and Indonesia (+5%) registered the largest absolute YoY growth while Germany (-4%) was the only market recording an absolute YoY decline,” STB added.

For gazetted hotel rooms, revenue grew 9.4% YoY to $1b, STB noted.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia