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 expenditur...