Welcome to Singapore: Tourism sectors get pampered
Healthy visitor inflows pushed the hotels & restaurants sector up by 6.4%.
The Ministry of Trade and Industry also reported that the “other services” industries -- which include arts, entertainment and recreation activities – grew by 5% on a year-on-year basis.
On a sequential basis, both sectors expanded by 14.8 and 5.4% respectively.
MTI said, “Healthy visitor inflows, sustained by the Integrated Resorts and key events such as the Formula One Grand Prix, are likely to benefit the tourism-related sectors.”