Indians spend Rupees 5K crore in Singapore every year

Indians spend Rupees 5K crore in Singapore every year
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For the island nation of Singapore, India has become a major source of tourism revenue with the Indian leisure and business travellers spending more than Rs 5,000 crore every year in the city-state. Tourist arrivals from India have also crossed a million mark, making the country the fourth biggest source of travellers for Singapore.

Hyderabad: For the island nation of Singapore, India has become a major source of tourism revenue with the Indian leisure and business travellers spending more than Rs 5,000 crore every year in the city-state. Tourist arrivals from India have also crossed a million mark, making the country the fourth biggest source of travellers for Singapore.

“Tourist arrivals from India have crossed 1 million mark in 2015. We received 1.1 million Indians in 2016, a growth of eight per cent from the previous year,” G B Srithar, Regional Director, South Asia, Middle East & Africa, Singapore Tourism Board (STB), told the media here on Wednesday.

According to STB statistics, Indian tourists spent a total of 1.16 billion Singapore dollars (Rs 5,500 crore) in Singapore during 2015. Accommodation (S$404 million) and food (S$203) topped the list on which Indians splurged in the island nation in that year.

“Tourism receipts from Indians reached S$1.1 billion (Rs 5,296 crore) in the first nine months (January-September) of 2016, registering a year-on-year growth of 37 per cent. We are yet to finalise countrywise tourism receipts for the final three months, but India emerged as the third largest source of tourism revenue for us,” Srithar said.

To celebrate and sustain the growth of tourist arrivals from India, STB in partnership with Singapore Airlines embarked on a 10-day, six-city roadshow across India and Colombo, Sri Lanka. The first roadshow commenced in Pune on July 10, followed by Ahmedabad, Chandigarh, Lucknow and Kolkata. It organised the roadshow in Hyderabad on Wednesday.

By Business Bureau

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