2021/108 "COVID-19’s Economic Impact on Tourism in Singapore" by Joey
The percentage of GDP contribution of tourism spending in Singapore
Visualizing the Countries Most Reliant on Tourism
Singapore Tourism Statistics 2019
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Singapore's GDP grows 2.7% on-year in Q1
Top 7 Richest Countries of Southeast Asia
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Tourism and hotel industry in Singapore
Find the most relevant and recent facts about tourism and the hotel industry in Singapore. ... by more than 90 percent, resulting in decreased tourism receipts ... as share of GDP Singapore 1995 ...
Singapore's tourism sector posts strong recovery in 2023, exceeds
Tourism receipts estimated to reach $24.5-26.0 billion, visitor arrivals reached 13.6 million, in line with international tourism recovery. Singapore, 1 February 2024 - Singapore's tourism sector recovered strongly and demonstrated resilience with a solid performance for 2023.International visitor arrivals (IVA) reached 13.6 million in 2023 (~71 per cent of 2019 IVA), meeting STB's ...
Singapore: tourism direct GDP contribution 2029
May 29, 2024. In 2019, the direct contribution to Singapore's GDP from tourism was around four percent. This was forecasted to increase to 4.04 percent in 2020. However, with the unforeseen ...
PDF Executive Summary
The tourism sector in 2019 achieved record highs in International Visitor Arrivals (IVA) and Tourism Receipts (TR) for the fourth consecutive ... marginally increased by 0.9 percentage points to 86.9 per cent while Average Room Rate (ARR) grew 1.2 per cent to S$221, resulting in a ... Singapore's international visitor arrivals (IVA) stood at ...
Annual Report on Tourism Statistics
The Annual Report on Tourism Statistics contains detailed statistics of visitor arrivals to Singapore, tourism receipts and hotels. This report also contains other information on inbound passenger carrier flights, cruise and Singapore outbound statistics. Start date.
Tourism in Singapore
Tourism in Singapore is a major industry and contributor to the Singaporean economy. ... the Singapore Tourism Board (then known as Singapore Tourist Promotion Board), was set up to market Singapore, ... Percentage change from previous year 2010: 11,641,700: 20.2% 2011: 13,171,303: 13.1% 2012: 14,496,091: 10.1% 2013:
Economic Survey of Singapore 2023
Economic Survey of Singapore 2023 Press Release (0.19 MB) Full Report (3.63 MB) ... Percentage Contribution to Growth in Real GDP (0.02 MB) ... Visitor Arrivals by Inbound Tourism Markets (0.02 MB) Table A11.2 - Hotel Statistics (0.02 MB) Table A12.1 - Transport and Communications (0.03 MB) ...
Stan
View visualisations and/or download data files on Singapore tourism statistics: Monthly Visitor Arrivals, Monthly Hotel Statistics, Annual Tourism Receipts and Annual Cruise Statistics.
DOS
Statistics on the tourism sector and hotel industry are compiled by the Singapore Tourism Board. Data are preliminary when first released. 1 Refers to % change in latest period over the same period in the previous year. 2 Refers to % change in the previous period over the same period in the previous year. 3 Data under the column for '% change ...
International tourism, expenditures (current US$)
International tourism, expenditures (current US$) - Singapore World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files. License : CC BY-4.0
Development and importance of tourism for Singapore
In 2020, tourist receipts plummeted due to the COVID-19 pandemic. Of the $20.31 billion billion (2019), only $5.18 billion billion remained. This is a 75 percent decrease in Singapore. In purely mathematical terms, each of the tourists who arrived in 2021 spent an average of 10,836 dollars.
Singapore Tourism Industry Size & Industry Share to 2032
Singapore Tourism Industry is expected to reach US$ 45,050 million by 2034, likely to surge at a vigorous 4.40% CAGR during the forecast period of 2024 to 2034 ... While the growth of the country's GDP leads to an upward trend in the population's disposable income that assures more spending on recreational activities, including local trips.
Singapore Contribution of travel and tourism to GDP (% of GDP ...
In 2019, contribution of travel and tourism to GDP (% of GDP) for Singapore was 10 %. Though Singapore contribution of travel and tourism to GDP (% of GDP) fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 10 % in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income ...
Singapore: tourism balance over GDP
Published by. R. Hirschmann , May 29, 2024. According to data from the UNWTO, Singapore's tourism balance over gross domestic product (GDP) in 2020 was in deficit of 0.6 percent. Tourism balance ...
Singapore's tourism sector remained resilient in 2021, ready for
Singapore, 25 January 2022 - Singapore's international visitor arrivals (IVA) and tourism receipts (TR) reached 330,000 and an estimated $1.9 billion [2] respectively in 2021. While these numbers represent only a fraction of Singapore's tourism performance prior to the pandemic, there have been encouraging signs of recovery in the tourism ...
PDF The Contribution of Tourism to the Singapore Economy
The Contribution of Tourism to the Singapore Economy1. EXECUTIVE SUMMARY. • This paper measures the contribution of tourism to the Singapore economy by estimating the tourism value-added (TVA) between 2007 and 2010. TVA complements existing indicators, such as visitor arrivals, tourism receipts and hotel statistics, to reflect tourism's ...
Singapore Travel and tourism direct contribution to GDP (% of GDP
4.00 (%) in 2019. In 2019, travel and tourism direct contribution to GDP (% of GDP) for Singapore was 4 %. Though Singapore travel and tourism direct contribution to GDP (% of GDP) fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 4 % in 2019. The description is composed by our digital data ...
Singapore Tourism Statistics 1960-2024
Singapore tourism statistics for 2019 was 0.00, a 100% decline from 2018. International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country.
The Contribution of Tourism to the Singapore Economy
Singapore's tourism landscape has undergone a major transformation in recent years. International events such as the Formula One Singtel Singapore Grand Prix (since 2008), as well as the opening of new tourism offerings such as the Integrated Resorts (IRs) have cemented Singapore's position as a top tourist destination.2 To better understand the importance of tourism, this paper estimates ...
PDF Tourism Sector Performance
2020TOURISM SECTOR PERFORMANCE HOTEL INDUSTRY +65 6736 6622 +65 6736 9423 stb.gov.sg Tourism Court 1 Orchard Spring Lane Singapore 247729 2 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 100 3 Standard ARR = [Total room revenue / Gross lettings] x 100 4 RevPAR = AOR x ARR Average Room Rate (ARR) ARR, AOR and RevPAR, 2020
Singapore crowned world's most competitive economy in 2024
Of all the factors that have the greatest impact on business in 2024, the report found that survey respondents considered artificial intelligence (AI) adoption (55.1%), the risk of a global economic slowdown (52%), and geopolitical conflicts (36.1%) as the top three trends.
Kingdom of the Netherlands
GDP continues to recover thanks to strong stayover tourism and the reconstruction. Domestic imbalances have closed, with inflation declining towards 2 percent and the fiscal balance returning to a surplus in 2023, but the current account deficit remains high. An immediate solution is needed to resolve load shedding and, in the medium term, investments in renewable energy are strongly encouraged.
Singapore
In 2019, contribution of travel and tourism to GDP growth for Singapore was 3.1 %. Though Singapore contribution of travel and tourism to GDP growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 3.1 % in 2019. The annual percentage change in the 2000 US$ bn series.
Singapore Contribution of travel and tourism to employment (% of GDP
8.7 (%) in 2019. In 2019, contribution of travel and tourism to employment (% of GDP) for Singapore was 8.7 %. Though Singapore contribution of travel and tourism to employment (% of GDP) fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 8.7 % in 2019. The description is composed by our digital ...
PH tourism slowest to recover in Asia-Pacific region
In a report, the credit rating agency said tourism in the country clocked a recovery rate of 61 percent in 2023. This was slower compared to tourism growth in Malaysia, Indonesia, Singapore ...
Tax revenues in Asia and the Pacific recover to pre-pandemic levels
The average tax-to-GDP ratio in the Asia-Pacific region increased by 0.6 percentage points (p.p.) in 2022 to 19.3%, the same level as in 2019, prior to the COVID-19 pandemic. In comparison, the average tax-to-GDP ratio in the OECD declined by 0.2 p.p. to 34.0% in 2022, while the average for Latin America and the Caribbean rose by 0.3 p.p. to 21.5%.
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Find the most relevant and recent facts about tourism and the hotel industry in Singapore. ... by more than 90 percent, resulting in decreased tourism receipts ... as share of GDP Singapore 1995 ...
Tourism receipts estimated to reach $24.5-26.0 billion, visitor arrivals reached 13.6 million, in line with international tourism recovery. Singapore, 1 February 2024 - Singapore's tourism sector recovered strongly and demonstrated resilience with a solid performance for 2023.International visitor arrivals (IVA) reached 13.6 million in 2023 (~71 per cent of 2019 IVA), meeting STB's ...
May 29, 2024. In 2019, the direct contribution to Singapore's GDP from tourism was around four percent. This was forecasted to increase to 4.04 percent in 2020. However, with the unforeseen ...
The tourism sector in 2019 achieved record highs in International Visitor Arrivals (IVA) and Tourism Receipts (TR) for the fourth consecutive ... marginally increased by 0.9 percentage points to 86.9 per cent while Average Room Rate (ARR) grew 1.2 per cent to S$221, resulting in a ... Singapore's international visitor arrivals (IVA) stood at ...
The Annual Report on Tourism Statistics contains detailed statistics of visitor arrivals to Singapore, tourism receipts and hotels. This report also contains other information on inbound passenger carrier flights, cruise and Singapore outbound statistics. Start date.
Tourism in Singapore is a major industry and contributor to the Singaporean economy. ... the Singapore Tourism Board (then known as Singapore Tourist Promotion Board), was set up to market Singapore, ... Percentage change from previous year 2010: 11,641,700: 20.2% 2011: 13,171,303: 13.1% 2012: 14,496,091: 10.1% 2013:
Economic Survey of Singapore 2023 Press Release (0.19 MB) Full Report (3.63 MB) ... Percentage Contribution to Growth in Real GDP (0.02 MB) ... Visitor Arrivals by Inbound Tourism Markets (0.02 MB) Table A11.2 - Hotel Statistics (0.02 MB) Table A12.1 - Transport and Communications (0.03 MB) ...
View visualisations and/or download data files on Singapore tourism statistics: Monthly Visitor Arrivals, Monthly Hotel Statistics, Annual Tourism Receipts and Annual Cruise Statistics.
Statistics on the tourism sector and hotel industry are compiled by the Singapore Tourism Board. Data are preliminary when first released. 1 Refers to % change in latest period over the same period in the previous year. 2 Refers to % change in the previous period over the same period in the previous year. 3 Data under the column for '% change ...
International tourism, expenditures (current US$) - Singapore World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files. License : CC BY-4.0
In 2020, tourist receipts plummeted due to the COVID-19 pandemic. Of the $20.31 billion billion (2019), only $5.18 billion billion remained. This is a 75 percent decrease in Singapore. In purely mathematical terms, each of the tourists who arrived in 2021 spent an average of 10,836 dollars.
Singapore Tourism Industry is expected to reach US$ 45,050 million by 2034, likely to surge at a vigorous 4.40% CAGR during the forecast period of 2024 to 2034 ... While the growth of the country's GDP leads to an upward trend in the population's disposable income that assures more spending on recreational activities, including local trips.
In 2019, contribution of travel and tourism to GDP (% of GDP) for Singapore was 10 %. Though Singapore contribution of travel and tourism to GDP (% of GDP) fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 10 % in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income ...
Published by. R. Hirschmann , May 29, 2024. According to data from the UNWTO, Singapore's tourism balance over gross domestic product (GDP) in 2020 was in deficit of 0.6 percent. Tourism balance ...
Singapore, 25 January 2022 - Singapore's international visitor arrivals (IVA) and tourism receipts (TR) reached 330,000 and an estimated $1.9 billion [2] respectively in 2021. While these numbers represent only a fraction of Singapore's tourism performance prior to the pandemic, there have been encouraging signs of recovery in the tourism ...
The Contribution of Tourism to the Singapore Economy1. EXECUTIVE SUMMARY. • This paper measures the contribution of tourism to the Singapore economy by estimating the tourism value-added (TVA) between 2007 and 2010. TVA complements existing indicators, such as visitor arrivals, tourism receipts and hotel statistics, to reflect tourism's ...
4.00 (%) in 2019. In 2019, travel and tourism direct contribution to GDP (% of GDP) for Singapore was 4 %. Though Singapore travel and tourism direct contribution to GDP (% of GDP) fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 4 % in 2019. The description is composed by our digital data ...
Singapore tourism statistics for 2019 was 0.00, a 100% decline from 2018. International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country.
Singapore's tourism landscape has undergone a major transformation in recent years. International events such as the Formula One Singtel Singapore Grand Prix (since 2008), as well as the opening of new tourism offerings such as the Integrated Resorts (IRs) have cemented Singapore's position as a top tourist destination.2 To better understand the importance of tourism, this paper estimates ...
2020TOURISM SECTOR PERFORMANCE HOTEL INDUSTRY +65 6736 6622 +65 6736 9423 stb.gov.sg Tourism Court 1 Orchard Spring Lane Singapore 247729 2 Standard AOR = [Gross lettings (Room Nights) / Available room nights] x 100 3 Standard ARR = [Total room revenue / Gross lettings] x 100 4 RevPAR = AOR x ARR Average Room Rate (ARR) ARR, AOR and RevPAR, 2020
Of all the factors that have the greatest impact on business in 2024, the report found that survey respondents considered artificial intelligence (AI) adoption (55.1%), the risk of a global economic slowdown (52%), and geopolitical conflicts (36.1%) as the top three trends.
GDP continues to recover thanks to strong stayover tourism and the reconstruction. Domestic imbalances have closed, with inflation declining towards 2 percent and the fiscal balance returning to a surplus in 2023, but the current account deficit remains high. An immediate solution is needed to resolve load shedding and, in the medium term, investments in renewable energy are strongly encouraged.
In 2019, contribution of travel and tourism to GDP growth for Singapore was 3.1 %. Though Singapore contribution of travel and tourism to GDP growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 3.1 % in 2019. The annual percentage change in the 2000 US$ bn series.
8.7 (%) in 2019. In 2019, contribution of travel and tourism to employment (% of GDP) for Singapore was 8.7 %. Though Singapore contribution of travel and tourism to employment (% of GDP) fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 8.7 % in 2019. The description is composed by our digital ...
In a report, the credit rating agency said tourism in the country clocked a recovery rate of 61 percent in 2023. This was slower compared to tourism growth in Malaysia, Indonesia, Singapore ...
Singapore Tourism Board. Tourism Court. 1 Orchard Spring Lane. Singapore 247729. Tel: (65) 6736 6622. Fax: (65) 6736 9423. Tourist Information: 1800-736 2000 (toll free in Singapore only) Quality Service Manager: 1800 - 736 6638. Destination Website: www.visitsingapore.com.
The average tax-to-GDP ratio in the Asia-Pacific region increased by 0.6 percentage points (p.p.) in 2022 to 19.3%, the same level as in 2019, prior to the COVID-19 pandemic. In comparison, the average tax-to-GDP ratio in the OECD declined by 0.2 p.p. to 34.0% in 2022, while the average for Latin America and the Caribbean rose by 0.3 p.p. to 21.5%.