Singapore expects jump in tourist arrivals this year as casino-resorts lure visitors
Revenue from tourism could jump by almost half to between us$ 12.5 billion and us$ 13.2 billion this year from us$ 8.8 billion in 2009, the board said. Singapore is counting on resorts opened this year by Malaysia's Genting Bhd and Las Vegas Sands to help fuel tourism and economic growth as the government gradually emphasizes services over manufacturing.
Genting's Resorts World Sentosa, which opened Singapore's first casino last month, said Friday it plans to open its Universal Studios theme park on March 18. The Marina Bay Sands is scheduled to open April 27.
"With the global travel industry expected to recover this year, we are confident that the sector will be able to register its best performance to date," Aw Kah Peng, the board's chief executive, said in a statement. Singaporean economy shrank 2 % last year, and the government expects growth this year between 4.5 % and 6.5 %.
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