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The Contribution of Tourism to the Singapore Economy

The Contribution of Tourism to the Singapore Economy

THE CONTRIBUTION OF TOURISM TO THE SINGAPORE ECONOMY

Singapore’s tourism landscape has undergone a major transformation in recent years. International events such as the Formula One Singtel Singapore Grand Prix (since 2008), as well as the opening of new tourism offerings such as the Integrated Resorts (IRs) have cemented Singapore’s position as a top tourist destination.2 To better understand the importance of tourism, this paper estimates tourism’s contribution to the Singapore economy between 2007 and 2010.

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