Aug 5, 2008
June tourist arrivals mirrors global trend
By Karamjit Kaur and Serene Luo
A JUNE dip in the number of visitors to Singapore - the first slide in 51 months - mirrors trends in global travel, which has been hit by rising fuel prices, a slowing global economy and inflation.
Around the world, the number of airline passengers grew just 3.8 per cent in June.
It was the smallest increase since the Sars virus hit five years ago, said the International Air Transport Association (Iata) which released its traffic figures on Monday.
Last week, the Singapore Tourism Board (STB) reported that Singapore welcomed just 816,000 visitors in June, 4.1 per cent fewer than the same month last year.
Both the STB and Iata have warned that things could get worse before they get better.
Iata's director-general and chief executive officer Giovanni Bisignani said airlines could lose up to $6.1 billion this year, wiping out profits from 2007.
June tourist arrivals mirrors global trend
By Karamjit Kaur and Serene Luo
A JUNE dip in the number of visitors to Singapore - the first slide in 51 months - mirrors trends in global travel, which has been hit by rising fuel prices, a slowing global economy and inflation.
Around the world, the number of airline passengers grew just 3.8 per cent in June.
It was the smallest increase since the Sars virus hit five years ago, said the International Air Transport Association (Iata) which released its traffic figures on Monday.
Last week, the Singapore Tourism Board (STB) reported that Singapore welcomed just 816,000 visitors in June, 4.1 per cent fewer than the same month last year.
Both the STB and Iata have warned that things could get worse before they get better.
Iata's director-general and chief executive officer Giovanni Bisignani said airlines could lose up to $6.1 billion this year, wiping out profits from 2007.
