Travel & tourism forecast to attract nearly $21 bil in capital investments to Singapore in 2018

SINGAPORE (Mar 22): Capital investment in Singapore’s travel & tourism sector is expected to rise 4.5% to $20.9 billion in 2018 from $20 billion in 2017, and rise by another 5% per annum over the next decade to $33.9 billion in 2028.

This is according to the latest projections by the World Travel and Tourism Council’s (WTTC) country report on Singapore, which comes as part of its annual Economic Impact Report for 2018.

In its Country Economic Impact Analysis report, WTTC highlights travel & tourism related investment spending as an “important aspect of both current and future activity”, even though it is not considered to contribute directly to national GDP.  

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