The Singapore Tourism Board (STB) on Tuesday said tourism arrivals and receipts for the current calendar year in the city-state will witness a “significant hit” due to the new coronavirus outbreak.
For 2020, the STB said it expects visitor arrivals to drop by about 25 percent to 30 percent.
Singapore’s tourism sector is “facing its biggest challenge since SARS in 2003”, said STB chief executive Keith Tan.
Many countries, including Singapore, have imposed strict travel restrictions in an attempt to contain the virus’ spread.
While arrivals from China — about 20 percent of international visitors to the country — will be particularly affected, the tourism board said other main markets are also expected to fall due to lower travel confidence globally.
Source: CNBC
