The Tourism and Hotel Industry in Singapore: Income, Output and Employment Multipliers
Tourism's contribution to Singapore's economy has increased over time. Tourism contributed 11.9% to Singapore's GDP in 1992, about half of that from direct revenues. Indirect and induced sources contributed about equally to the other half. While the direct effect of tourist expenditures on the Singapore economy are predominant, the indirect and induced effects are also significant, indicating strong sectoral linkages within the local economy, especially with respect to the hospitality industry.
Tourism industry, hospitality industry, multipliers, Singapore, economic conditions
Asian Studies | Economics | Growth and Development | Tourism and Travel
Cornell Hotel and Restaurant Administration Quarterly
KHAN, Habibullah; PHANG, Sock-Yong; and TOH, Rex S..
The multiplier effect: Singapore's hospitality industry. (1995). Cornell Hotel and Restaurant Administration Quarterly. 36, (1), 64-69. Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/51
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