Singapore tourism numbers dip in March
The number of visitors was down by 5.8 per cent sequentially.
Singapore.- The Singapore Tourism Board (STB) has reported that the country received 1.30 million visitors in March. That’s a 5.8 per cent decrease sequentially and an 11.5 per cent drop year-on-year. There were 932,530 overnight visitors, a 17.1 per cent decline compared to last year and an 11.85 per cent drop sequentially.
Singapore received 4.31 million visitors in the first quarter, flat against 2024. Some 3.17 million were overnight visitors, down by 3.3 per cent. The average length of stay was 3.49 days, up 1.2 per cent year-on-year.
The largest number of visitors came from China (831,470, up 5.8 per cent when compared to last year and 86.6 per cent recovery of the same period in 2019, before the Covid-19 pandemic). Indonesia was the second-biggest source market with 640,260 arrivals, down 3.7 per cent to 88.3 per cent of 2019 levels.
Malaysia ranked third, providing 312,220 arrivals, down 0.5 per cent year-on-year but up 10.2 per cent compared to the same period in 2019.
Singapore GDP rises in Q1
Singapore’s Ministry of Trade and Industry (MTI) has reported that the country’s gross domestic product (GDP) rose by 3.8 per cent year-on-year in the first quarter of the year. The growth was slower than the 5 per cent increase recorded in the previous quarter.
In quarter-on-quarter terms, the economy contracted by 0.8 per cent after the 0.5 per cent expansion in the fourth quarter of 2024. This was due to sequential declines in manufacturing and some outward-oriented services sectors such as finance and insurance along with slowing external demand.
