International Herald Tribune, 11 Feb 2009, The Associated Press
SINGAPORE: Singapore expects tourism revenue to plunge as much as 19 percent this year as a global economic slowdown undermines spending on travel.
Tourist income will likely fall to between 12 billion Singapore dollars ($8 billion) and SG$12.5 billion this year from SG$14.8 billion last year, the Singapore Tourism Board said Wednesday. The board expects tourist arrivals to drop to between 9 million and 9.5 million in 2009 from 10.1 million in 2008.
Read More
