Tourism Indochina: More tourists set to spend money in Asia Pacific

More tourists set to spend money in Asia Pacific

SINGAPORE: Asia Pacific is set to get a tourism boost according to forecasts based on an international index released Monday.

The MasterCard Worldwide Global Destination Cities Index, that ranks cities in terms of the number of international visitor arrivals and cross-border spending by visitors in destination cities, placed Bangkok top on the list for tourist spending.

The Thai capital is also world's third destination city in terms of visitor spending for 2012, with an estimated forecast of US$19.3 billion.

Singapore was ranked second in Asia Pacific and fifth in the world, with an expected visitor spending of US$12.7 billion.

In addition, the index forecast that Singapore would see more tourists from Jakarta, Hong Kong and London -- with Londoners tipped to spend the most.

The index, which is used as a barometer for understanding the global economy and the flow of commerce across the world, is compiled using international flight and flight capacity data, and not based on MasterCard volumes or transactional data.

- CNA/wk/18June2012

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