Singapore’s tourism industry has been a key support to their retail sector. In 2016, international visitor arrivals and tourism receipts scaled to a new high of 16.4 million and S$24.6 million respectively, proving Singapore’s importance as one of Asia’s leading retail destinations. However, in 2017, a decrease in retail spend was seen despite the growth… Continue reading Report: Singapore’s Tourism Rises While Retail Spend Declines. What’s Causing It?
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