The multiplier effect: Singapore's hospitality industry

• Main Authors: KHAN, Habibullah, PHANG, Sock-Yong, TOH, Rex S.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1995
• Subjects: Tourism industry; hospitality industry; multipliers; Singapore; economic conditions; Asian Studies; Economics; Growth and Development; Tourism and Travel
• Online Access: https://ink.library.smu.edu.sg/soe_research/51; https://ink.library.smu.edu.sg/context/soe_research/article/1050/viewcontent/Multiplier_effect_Singapore_Hospitality_1995_afv.pdf
• Institution: Singapore Management University

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.