The Singapore Tourism Board today announced that tourism receipts for the first three months of 2014 grew 5 percent year-on-year to S$6 billion, according to the latest Tourism Sector Performance report by the Singapore Tourism Board (STB).
Growth in tourism receipts was driven by Sightseeing, Entertainment and Gaming (SEG), which recorded a 19 per cent year-on-year growth to rake in S$1.6 billion in revenue, the STB said in the report released on Monday (July 21). Both integrated resorts reported an increase in their overall gaming revenues.
SEG was followed by Other TR Components – which include expenditure on airfares, port taxes, local transportation, medical, business, education and transit visitors – that generated S$1.4 billion in revenue, it added.
Declines in spending on Shopping, which saw a 6 per cent drop, and Food and Beverage, which dipped 1 per cent, were seen in the quarter though. STB said.
Tourism up 5 percent in Singapore