Even as the whole world is talking about economic slowdown, Indians travelling abroad seem to have thrown the worry to the wind, that is if one goes by the figures of the Singapore Tourism Board (STB).
Spending by Indian tourists visiting Singapore increased by 41 per cent to SGD 296 million in the third quarter of last year, said the STB today.
Indians were the top growth market in terms of tourism receipts, boosted by increase in business traffic during the third quarter, said the STB.
STB data showed that a total of 641,000 Indian tourists visited Singapore in the first nine months of last year, a six per cent increase on the year.
The Indian tourists had spent SGD 808 million during the January-September period, it said. The STB said India remained the fifth largest tourist generating market for the city state, which is also popular among Indonesians, with 1.925 million visitors recorded during the January-September period, an increase of 14 per cent on the year.
The STB recorded the biggest increase of 39 per cent in visitors from China, totalling 1.23 million during the nine months of 2011.
Tourist visitors from neighbouring Malaysia increased by 13 per cent to 817,000 and Australia 10 per cent to 717,000 visitors during the period.
The five countries accounted for 54 per cent of the total visitors to Singapore, totalling 9.8 million for the period, an increase of 15 per cent from corresponding period in 2010.
Tourism receipts or spending by tourists increased by 22 per cent year-on-year to SGD 17 billion, it said.