Tourism receipts amount to an amazing S$5b in 2Q11

And guess what countries were the top 5 markets for this quarter?

Excluding Sightseeing & Entertainment expenditure, Indonesia (S$677 million), P R China (S$447 million), India (S$305 million), Australia (S$270 million) and the Philippines (S$254 million) were Singapore’s top five TR generating markets for Q2 2011.

According to the Singapore Tourism Board, tourism receipts for Quarter Two 2011 were estimated at S$5 billion, registering an 18% year-on-year growth. All TR components saw year-on-year growth.

All top 10 markets registered growth, except USA (-9%) and Thailand (-4%). For these two markets, this could be attributed to a drop in business traffic, with Thailand also seeing lower discretionary spend. There was also significant growth in TR from the Philippines (+57%) due to an increase in leisure visitors and corresponding per capita expenditure.

JANUARY TO JUNE 2011 PERFORMANCE

Tourism Receipts for January to June 2011 was estimated at S$11 billion, a 32% year-on-year growth.

Excluding Sightseeing & Entertainment expenditure, Indonesia (S$1,332 million), P R China (S$969 million), Australia (S$522 million), Malaysia (S$514 million) and India (S$435 million) were Singapore’s top five TR generating markets for January to June 2011.