Economics
Singapore Braces for 30% Tourism Drop After Virus Outbreak
- City is losing up to 20,000 visitors a day, tourism chief says
- Visitor arrivals could drop 30% this year amid travel bans
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Singapore could see a 25% to 30% decline in tourist arrivals and spending this year because of the coronavirus outbreak, as the industry braces for a worse impact than the 2003 SARS pandemic, the city’s tourism chief said.
The city-state is losing about 18,000 to 20,000 tourists a day, and the figures could plummet further if the situation persists for longer, Keith Tan, chief executive of Singapore Tourism Board, said in an interview with Bloomberg TV.