International tourism accounted for 4.1% of Singapore’s national GDP in 2017, with a … The graph shows a forecast of the development of foreign tourist arrivals worldwide by region for 2020 compared to 2010. UNWTO’s long-term forecast published in 2010 predicted the 1.4 billion mark of international tourist arrivals for 2020. Government may offer more support, depending on situation Singapore is ranked #8 for international tourist Arrivals in the Asia Pacific region. Singapore is bracing for a harder hit to tourism than initially expected from the coronavirus as the outbreak spreads to more than 100 countries, impacting global travel plans, Minister for Communications and Information S Iswaran said.“Now it’s really the fact that there’s a global spread of this virus and therefore we will have to reevaluate certainly the numbers,” Iswaran said in an interview Wednesday.Just last month, Singapore’s tourism chief forecast that tourist arrivals and spending could The city-state is losing about 18,000 to 20,000 tourists a day and that could plummet further if the situation persists, Keith Tan, chief executive officer of Singapore Tourism Board, said in mid-February.With the economic fallout expected to grow, Singapore is already mulling A second support package may be introduced if necessary, local media has reported, citing Deputy Prime Minister Heng Swee Keat. International Tourist Arrivals Could Fall by 20-30% in 2020. How much money does Singapore make from tourism? KUALA LUMPUR, July 15 — The Ministry of Tourism, Arts and Culture (Motac) revealed today its forecast of a 75-per cent decline in foreign tourist arrivals for 2020, compared to the previous year, due to strict border controls following the Covid-19 pandemic. 1978-2020 Data | 2021-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. All Regions; 26 Mar 20 The World Tourism Organization (UNWTO) has released its updated assessment of the likely impact of the COVID-19 on international tourism. Singapore’s tourism industry hosted 17.4 million international tourists in 2017, more than three times its total population of 5.6 million. Singapore is ranked the world’s #26 by tourist arrivals. City-state had previously forecast up to 30% drop in tourism With a share of 47.4% of the total outbound trips in 2015, Malaysia remained the largest destination market for Singapore. Singapore isn’t ruling out tapping its past reserves for that purpose, the Business Times reported, Iswaran, who is also Minister-in-charge of Trade Relations, declined to elaborate when asked about the scale of any second support package on Wednesday.“We are prepared to do more, but it has to be a response to the situation,” he said.
Subscribers to the report will receive a complimentary update of our forecasts of inbound tourist arrivals to Singapore every six months. While DBS economists forecast Singapore’s 2020 growth to be 0.9 per cent, they said there was a risk of zero growth if the virus outbreak persisted … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Download all in … Local tourists enjoy a cable car ride at the Escape Theme Park in George Town June 16, 2020. Tourism 2020 Tourist Arrivals Forecast cut to 14 million. — Picture by Sayuti Zainudin. Yet stronger economic growth, more affordable air travel, technological changes, new businesses models and greater visa facilitation around the word have accelerated growth in recent years. Mr Seah said he is slashing his 2020 GDP growth forecast down to -2.8 per cent from -0.5 per cent in light of Singapore's latest coronavirus measures, as well as risks to the global economy. Tourist Arrivals in Singapore averaged 682933.73 from 1978 until 2020, reaching an all time high of 1802533 in July of 2019 and a record low of 750 in April of 2020. International Visitor Arrivals By Inbound Tourism Markets, Monthly International Visitor Arrivals By A) Sex And B) Age Group, Monthly International Visitor Arrivals By Length Of Stay, Monthly. Travel and Tourism in Singapore to 2020 Summary Singapore’s tourism sector registered growth in 2015, driven by Singapore Tourism Board’s (STB) efforts to attract tourists by launching tourism promotion campaigns. Executive Summary. Just last month, Singapore’s tourism chief forecast that tourist arrivals and spending could drop by 25% to 30% this year because of the outbreak, making it … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Tourist Arrivals in Thailand may be down to their lowest level since 2006, with only 14 to 16 million arrivals, or a 65% drop from last year 39.8 million visitors. Updates with Deputy PM comments in sixth paragraph. This page provides - Singapore Tourist Arrivals - actual values, historical data, forecast, chart, statistics, economic calendar and news. The Trading Economics Application Programming Interface (API) provides direct access to our data.