10974
Where Are the Tourists?
World Economy

Where Are the Tourists?

Singapore reported its first decline in visitor arrivals since the global financial crisis, as a new Chinese law curbed tourists from the mainland while political turmoil in Thailand and aviation disasters damped travel, Bloomberg reported. Visitors to the tropical island nation fell 3.1% to 15.1m in 2014, the first drop since 2009, the Singapore Tourism Board said. Tourism receipts totaled S$23.5b ($17b), unchanged from the previous year. Weakening tourism adds to risks for Singapore, which unexpectedly eased monetary policy last month as growth slowed amid a faltering global economy.

Short URL : http://goo.gl/fLlggn

You can also read ...

Taiwan Q3 Growth Highest in 2 Years
Taiwan’s economy grew 3.1% in the July-September period to a...
German Business Morale Soars to Record High
German business confidence hit a record high in November...
French Business Confidence at 10-Year High
French business confidence hit a near 10-year-high in November...
Swiss Factory Output Up
Switzerland’s industrial production and turnover increased...
Venezuela Bad Debts Pile Up
Venezuela moved closer to a possible all-out default, with...
S&P Retains India’s Rating, Outlook
Close on the heels of Moody’s upgrading India’s sovereign...
 Italy Industrial Orders Decline
Italy’s industrial orders decreased in September, after...
Oil Cut Affects Russia
The OPEC/non-OPEC production cuts hurt Russia’s economic...

Trending

Googleplus