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Singapore's tourism sector shows mixed performance in 2015 in the face of global headwinds

Last year, visitor arrivals grew by 0.9 per cent to 15.2 million and tourism receipts declined by 6.8 per cent to S$22 billion, the fall in tourism receipts was largely due to a decline in BTMICE visitor arrivals and spending.

This mixed performance came on the back of various headwinds such as an uncertain global economic outlook and weak currencies in some of Singapore's top source markets in 2015. Singapore Tourism Board (STB) Chief Executive Mr Lionel Yeo said, "We are encouraged by the upturn in visitor arrivals from May onwards that led to a positive growth for the whole of 2015. Of particular note is the 2 per cent growth in leisure visitor arrivals2 in 2015, which helped offset the decline in BTMICE visitor arrivals.

 This shows that Singapore remains attractive as a leisure destination." ​ "As the average BTMICE visitor spends about two times more than the average leisure visitor, the fall in BTMICE visitor arrivals and spending due to companies cutting back on both travel and trip budgets has had a significant impact on our tourism receipts," added Mr Yeo.