With 1.31 million tourists in August, Singapore had a 7.8% month-over-month fall in visitor arrivals, according to figures from the Singapore Tourism Board (STB). Singapore had 9.01 million tourists in all during the first eight months of 2023, a rise of 204.5% from the same period last year. This amount is still much less than the 12.86 million visitors counted over the same time period in 2019, prior to the COVID-19 epidemic, at about 30% less.
For the second consecutive month in August, visitors to Singapore came mostly from Mainland China. 214,490 people from mainland China visited the city-state, a 7.3% drop from July. With 167,850 visits, Indonesia was the second-largest source market for August.
According to STB statistics, the top five source markets for Singapore for the first eight months of 2023 were Indonesia (1.52 million), China (870,010), Malaysia (713,880), India (711,900), and Australia (691,730).
While international tourists as a whole spent 4.00 days in August, visitors from China spent an average of 5.34 days there.
The casino resort duopoly of Resorts World Sentosa, run by Genting Singapore Ltd., and Marina Bay Sands, run by a division of Las Vegas Sands Corp., is a substantial contributor to Singapore’s economy. Sands China Ltd, one of the six operators in the Macau casino sector, is under the ownership of Las Vegas Sands Corp as well.
Original story by: GRRAsia
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