In the first half of this year, Singapore received 7.5 million international visitors, down by 3 percent compared to the same period last year, with tourism revenue growing by 2 percent year-on-year to 11.8 billion SGD (roughly 9,4 billion USD).

According to the Singapore Tourism Board (STB), almost all target markets recorded a decline in the number of arrivals in Singapore , such as China with 871,000, down by 30 percent; and Malaysia with 592,000, down by 2 percent.

Out of the 15 markets with the highest number of arrivals in Singapore from January to June, Indonesia came first with more than 1.52 million, up by 3 percent. As many as 206,000 visitors came from Vietnam , up by 12 percent, ranking 13 th . Hong Kong and South Korea recorded the highest increase in numbers at 16 percent with 298,000 and 268,000 visitors, respectively.

The STB added that tourism revenue increased by 2 percent due to profits generated by sightseeing, entertainment and gaming businesses, which recorded the largest year-on-year increase of 15 percent. However, the retail sector saw a decline in revenue by 13 percent, and the food and beverage sector recorded a decline of 2 percent.

During the the six months, revenue generated by hotels totalled around 1.6 billion SGD (about 1.28 billion USD), up by 9.1 percent. Average room rates in the hotel industry rose by 1.2 percent to 258 SGD, while the average occupancy rate declined to 85 percent.-VNA