Singapore's tourism industry plummets amid global economic downturn

Monsters and Critics, 30 Jul 2009
Singapore - Singapore's tourism industry plummeted in the first half of 2009 as travellers cut back on their spending because of the global economic crisis, figures released Thursday by the Singapore Tourism Board showed.
Visitor arrivals came to 4.5 million from January to June, a decline of 11.5 per cent from the first half of 2008, the board said.
Tourism receipts were estimated at 6.4 billion Singapore dollars (4.43 billion US dollars), a decline of 13.5 per cent.
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