Staff Reporter
,
Singapore
But it won't grow as much as it used to.
According to Knight Frank, the STB recently forecasts 2013 tourism receipts to be in the range of about S$23.5 billion to S$24.5 billion, an increase of about 2.2 per cent to 6.5 per cent from 2012.
Visitor arrivals are expected to be in the range of about 14.8 million to 15.5 million, an increase of about 2.8 per cent to 7.6 per cent from 2012.
"However, the government noted that global tourism growth is moderating and visitor arrivals to Singapore may not be able to continue to grow at the high rates seen in recent years," Knight Frank said.
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