Tourist influx to Singapore is increasing

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According to statistics, the number of tourists that visited the country in the first half of 2016 has increased by 13%. 55% of the total amount are Chinese tourists. Due to the growing popularity, profits from the tourism industry improved by 12% and reached $11.6bn in the first half of 2016. $1.6bn are stemming from hotel profits, which is 3.2% higher on a YoY basis. Hotel occupancy reached 84% at an average room price of $235 per night.