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Singapore tourism receipts fall 60.4% to S$1.9b in 2021; no forecast for 2022
The decline came on a continued slump in international arrivals, with the Singapore Tourism Board (STB) noting that the tourism sector stayed pivoted towards domestic consumption.
In contrast, Singapore had recorded about S$4.8 billion in tourism receipts in 2020, and some S$27.7 billion in 2019, before the Covid-19 pandemic began.
