STB eyes new markets
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Quek said Singapore’s top five visitor-generating markets in 2006 were Indonesia (1,921,000), China (1,037,000), Australia (692,000), India (659,000) and Malaysia (634,000).
Based on the average annual growth rate in visitor arrivals for the last five years, Singapore’s top five growth markets were Vietnam (42%), Russia (24%), China (12%), India (15%) and Middle East (10%).
Given Singapore’s strategic location in Asia and its unique strengths as a destination, Quek said that Singapore is in an excellent position to tap this growth potential.
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