Home News Singapore economy

Singapore tourism may be worse hit than expected by coronavirus

Bloomberg
Bloomberg3/11/2020 01:05 PM GMT+08  • 2 min read
Singapore tourism may be worse hit than expected by coronavirus
With the economic fallout expected to grow, Singapore is already mulling another round of aid for businesses.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Mar 11): Singapore is bracing for a harder hit to tourism than initially expected from the coronavirus as the outbreak spreads to more than 100 countries, impacting global travel plans, Minister for Communications and Information S Iswaran said.

“Now it’s really the fact that there’s a global spread of this virus and therefore we will have to reevaluate certainly the numbers,” Iswaran said in an interview Wednesday.

Just last month, Singapore’s tourism chief forecast that tourist arrivals and spending could drop by 25% to 30% this year because of the outbreak, making it worse than the 2003 SARS pandemic.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now