The novel coronavirus situation (nCoV) will result in a “significant hit” on Singapore’s tourism sector for 2020, Singapore Tourism Board (STB) revealed in their 2019 year-in-review on Feb. 11. This comes after four years of consecutive growth.
Based on the current situation, STB expects visitor arrivals to drop by 25-30 percent. In a speech at the event, Chief Executive of STB, Keith Tan said that Singapore is losing an average of 18,000 – 20,000 tourists a day.
And this number could possibly get higher. This is especially so as China accounts for 20 percent of such arrivals.
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