Yahoo News, 23 Sep 2008, AFP
SINGAPORE (AFP) - Singapore -- due to host tens of thousands of foreign visitors for its first Formula One Grand Prix this weekend -- said Tuesday it is unlikely to meet its annual target for tourist arrivals.
Visitor arrivals in August fell 7.7 percent compared with a year earlier, to 842,000, the Singapore Tourism Board said.
It was the third straight month in which visitor arrivals fell, a reflection of "the current challenging global economic environment and outlook for the tourism sector, which may continue into 2009," the board said.
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