Tourists in Singapore splurge $6.4b in Q1

Tourism receipts grew by 15%.

For the first quarter of the year, tourists in Singapore were more lavish, with total spends reaching $6.4b, a 15% growth compared to last year.

According to Singapore Tourism Board, 25% of the total tourism receipts were from shopping, amounting to $1.6b. This is 38% more than last year's recorded shopping receipts.

Tourists spent $1.55b in accommodations, 18% higher than last year.

Meanwhile, spending on food and beverage also increased, shooting 14% up to $693m and comprising 11% of overall tourists' spends.

Receipts from the sightseeing, entertainment & gaming component remained relatively flat at $1.08b. Other tourism receipts components also grew by 7% to $1.47b.