Singapore Airshow 2014 injects $319 million into local economy: report

This is a 25% increase from 2012.

This year’s Singapore Airshow contributed $319 million to the Singapore economy in 2014, according to a recent study by Kadence International.

This represents a 25 per cent increase from the event’s 2012 edition. The growth in Singapore Airshow’s total contribution to the Singapore economy was supported by a substantial increase in foreign expenditure, which rose 30 per cent from 2012.

In 2014, S$284.9 million was accrued from spending by foreign visitors on travel and accommodation, event and exhibition space, as well as other personal expenditure such as food & beverage, leisure, shopping and transport.

The total number of exhibiting personnel at Singapore Airshow 2014 stood at 10,504, representing a 23.4 per cent increase from 2012.

There was also a 27% increase in the number of foreign exhibiting personnel. The number of exhibiting companies similarly rose from 969 in 2012 to 1,018 in 2014.

“The results of the study reinforces Singapore Airshow’s position as a platform of choicefor international aerospace and defence companies to increase their visibility, network and do business in this dynamic region and as an important contributor to the MICE industry in Singapore,” noted Leck Chet Lam, Managing Director of Experia Events, organiser of the Singapore Airshow

The event, held from 11 to 16 February 2014 at Changi Exhibition Centre, attracted more than 146,000 visitors from 125 countries/regions. Singapore Airshow returns from 16 – 21 February 2016 at Changi Exhibition Centre.