Big expectations for Singapore tourism industry in 2015
Despite the fact that visitor arrival rates dropped during the first two quarters of 2015, Singapore is expecting to draw more than 15 million tourists during the rest of the current year.
Lionel Yeo, the Chief Executive of the STB (Singapore Tourism Board) stated in an interview last week that a target is set, to achieve a 3% growth in visitor arrivals, translating to a total of 15.1 million to 15.5 million tourists. As he continued with his statement, he remarked that July’s number of visitors, rose by 7.7%, a promising figure for the industrys target.
According to the STB’s statistics, it looks as though the first 7 months of tourist arrival is 1.7% lower than the previous year. During July, the increase in tourist arrivals is suspected to be mainly because of summer school holidays from neighbouring Asian countries.
"There is a lot of uncertainty and consumers might want to save their money instead of spending it on travelling".
-The Siam Express Managing Director stated.
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