Tourism Flows Inbound in Singapore - New Market Report
International arrivals grew by 5% in 2013; a two percentage point decline from 2012. This was attributed to the drop in business travellers as there was a cut in corporate business budgets in general, resulting in fewer business trips. In addition, key source countries like Indonesia and Malaysia displayed sluggish arrival growth as the Singapore currency remained strong. Slower growth in tourism receipts was the next implication of the strong currency exchange rate as the cost of travelling to Singapore...
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