Bangkok may be the most visited destination in Asia Pacific, but Singapore remains the region’s leading capital in total visitor expenditure. These findings were shared at the World Travel & Tourism Council (WTTC) Global Summit in Bangkok by Mastercard Asia Pacific Destinations Index 2017.
The latest report reiterate Singapore’s consistent record from 2015 – 2016, which saw an 18 percent leap in visitor expenditure. Of the top 20 destinations by total expenditure, Singapore is one of only five that attracted high spending visitors to reach a minimum expenditure of $200 a day.
At $254 per day, Singapore’s spending tourists top Beijing ($242), Shanghai ($234), Hong Kong ($211) and Taipei ($208) respectively. The region’s top 20 source markets have also pushed a record $201.5 billion to Asia Pacific’s tourism revenues in 2016.
The findings from the Index deem 2016 a flourishing year as a whole. Growing consumer wealth, particularly across Asia Pacific’s emerging markets, encouraged tourism around the region with marked progress. 2016 also saw tourism comprising 8.5 percent of Asia Pacific’s GDP and 8.7 percent of total employment, making it the world’s fastest growing region for international tourism by GDP contribution.