Singapore Tourism Report Q4 2017
BMI View: Singapore's tourism industry is a very well developed and established market which is expecting furtherpositive growth throughout 2017 with an increasing number of international arrivals which will boostoverall tourist receipts. BMI forecasts a total of 16.8mn tourist will head to Singapore in 2017.
Key Updates And Forecasts
Total Arrivals have increased 4% y-o-y with 4.3 mn arrivals in Q1 2017 according to the latest availabledata from the Singapore Tourism Board (STB).
Tourist receipts have also increased 15% y-o-y reaching 6.4bn SGD in Q1 2017 mainly driven by theinflux of Chinese tourists.
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