Singapore’s tourism sector was hit by several shocks in the last two decades, such as the 1997/98 Asian Financial Crisis, the 2001 recession coupled with 911 terrorist attacks, the SARS crisis in 2003 and the 2008/09 global financial crisis. This box article examines the trends in visitor arrivals and hotel industry during the recent financial crisis, and how they fared compared to previous tourism downturns.

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