Singapore Tourism
Statistics

Last Updated: March 2024. Data runs from 2011 to October 2023.

Key Singapore Tourism Facts

• Singapore welcomed 11.2 million international tourists between January and October 2023, which, though significant, was still about four million short of the volumes seen in 2018 and 2019 before the COVID pandemic.
• In the first six months of 2023, tourism receipts in Singapore ballooned to SG$17.1 billion, a rise of 184.8% over the same period in 2022. Shopping remained the top expenditure component for tourists in Singapore, accounting for 33% of total tourism receipts, followed by accommodation (25%) and food & beverage (22%).
• Singapore's cruise sector showed a robust recovery with the number of international cruise passengers growing by 91.1% to 1.04 million between January and October 2023.
• The top three visitor source markets for Singapore in 2023 were China, India, and Indonesia, together accounting for nearly 40% of total international tourist arrivals.
• In 2023, the business travel and Meetings, Incentives, Conventions, and Exhibitions (MICE) sector in Singapore showed remarkable recovery, contributing approximately S$2.8 billion to the economy, a significant increase from 2021.

International visitor numbers to Singapore

Total number of International Visitors came to Singapore (2008 - 2023)

*International visitor arrivals numbers to Singapore exclude; Malaysian citizens arriving by land; returning Singapore citizens, permanent residents, and pass holders; non-resident air and sea crew (except for sea crew flying in to join a ship); air transit and transfer passengers; and arrivals staying in Singapore for more than a year.

In 2020, approximately 2.74 million international tourists visited Singapore. This represented a 85.7% decline on the numbers in 2019, when 19.12 million tourists visited Singapore, largely as a result of travel restrictions and border closures to tackle the COVID-19 pandemic. The volume of international visitors slumped to a dismal 330,059 in 2021 as Singapore continued to enforce border restrictions. This was equivalent to just two per cent of the average annual volume of foreign visitors Singapore drew to its shores in the preceding decade.

Source: Department of Singapore Statistics *Jan-Oct 2023

The Singapore government began to ease travel restrictions in April 2022 by allowing vaccinated tourists into the country. This was extended to non-vaccinated visitors in August 2022. Consequently, by the end of 2022, visitor numbers had risen by a whopping 1,810.5% to 6.31 million, This was a remarkable turn of events, but in reality, this figure was a mere two-fifths of pre-COVID inbound volume.

International tourist arrivals reached 11.2 million between January and October 2023, which is still around four million short of the volumes seen in 2018 and 2019, before COVID struck.

As expected, hotel revenues dipped in 2020, in line with the decline in visitor numbers. Room revenues totalled SG$1.23 billion that year, down 70.6% on 2019. Hotel earnings slipped by a further 21.7% to S$966.2 million in 2021, before bouncing back to a healthy S$3.25 billion in 2022, propelled by rise in standard average room rates.

Singapore’s average room rate fell by 30% to S$154.60 in 2020 while average occupancy hit a low of 57.3%. The hotel sector made little headway in 2021, with the standard average rate rising by a meagre 3.8% to S$160.50 and occupancy shrinking to 56.9%. 2022 marked a turning point, with the standard average rate rising by 56.5% to $251.20 – the highest attained since 2008 – and with occupancy reaching 75.2%.

In January 2020, the final month before the pandemic curbed travel, Singapore saw 1.69 million visitor arrivals, up 3.9% on the previous year. April 2020 saw the lowest number of arrivals, at 750 on the back of the announcement on April 9 that passengers from all destinations would need to serve a 14-day self-isolation period at hotels that served as dedicated Stay-Home Notice facilities.

A destination Brand Health Study across 14 markets, conducted by STB’s appointed market research company Ipsos in August 2020 revealed that leisure and business travellers retained a strong perception of Singapore being a safe destination to visit, despite COVID-19. This was evident when Singapore began seeing month-on-month increases in visitor numbers from September 2021, gaining momentum as the country lifted internal and travel restrictions. However, this metric only hit the one million mark in March 2023, and as of October 2023, it has yet to return to the levels set in 2018 and 2019. Nonetheless, STB officials remain highly optimistic, with recovery to pre-pandemic levels expected in 2024.

Arrivals by mode of transport

Of the total volume of international arrivals in 2022, 5.34 million (85.6%) arrived by air, 543,387 (8.6%) arrived by sea, and 362,362 (5.7%) arrived by land. Cruise and land’s share of international arrivals shrank post-pandemic, and as of Jan-Oct 2023, they accounted for 9.2% and 7.6% respectively, compared to 11.6% and 10.6% in 2019. Changi Airport has evidently ramped up capacity faster than cruises and land transport.

Cruise

Singapore’s cruise sector has grown exponentially since the Marina Bay Cruise Centre opened in 2012. Today, it is one of the top destinations for port calls in Asia, with luxury and mainstream cruise liners run by top cruise operators such as Royal Caribbean, Carnival and Genting operating regional cruises from Singapore, deploying their newest and biggest ships to the city state. With an expected annual growth rate of 13.86%, the market value is expected to grow to US$401.80 million by 2026 according to industry sources.

Source: Department of Singapore Statistics *Jan-Oct 2023

Singapore’s cruise sector took a sizeable hit during the pandemic, with foreign passenger throughput (falling to 390,852 in 2020), down from 2.21 million in 2019. There were 143 passenger ship calls in 2020, compared to 414 in 2019. International passengers on cruises shrank to 8,077 in 2021, though demand from the domestic market remained relatively buoyant. The number of international passengers rose to 543,387 in 2022, as the country recorded 236 passenger ship calls. Between January and October 2023, the volume of international passengers grew by 91.1% to 1.04 million.

Changi Airport

Changi Airport experienced a bumper year in 2019, handling a total of 68.3 million passengers, up by 4% on 2018. Jewel, the airport’s multi-faceted entertainment, airport and accommodation complex opened in April 2022. Appealing to both local and international visitors, Jewel welcomes some 300,000 visitors a day.

When COVID-19 first began to spread, countries within the Asia-Pacific region including Singapore took a more cautious stance, closing their borders to inbound visitors. Changi Airport sprang into action as the pandemic first took hold, introducing a number of innovative measures such as proximity sensors on check-in kiosks and a portal to speed up the registration process for swabbing. The airport authorities also shut down Terminal 4 in May 2020 after passenger numbers plummeted in the face of the COVID-19 outbreak. It only reopened in September 2022.

Changi re-opened the Northern wing of Terminal 2 in November 2023 after a massive refurbishment, bringing the airport’s total capacity to 90 million passengers per annum. Plans are also afoot to build Terminal 5, which is slated to be fully operational in the mid-2030s.

Between 2019 and 2020, the volume of international tourists arriving by air plunged by -85.8% to 2.11 million, compared to 14.9 million in 2019. This traffic dipped by a further 85% in 2021 to an anaemic 317,072, as Singapore enforced quarantine rules for visitors entering Singapore. Traffic rebounded in 2022 to hit 5.4 million – though this was still well below the pre-COVID average. In the first 10 months of 2023, international air arrivals grew to 9.37 million, in line with STB’s predictions. Traffic to/from several of Singapore key inbound markets – including Australia, India, the US, and South Korea – has already returned above pre-pandemic levels. Other markets, such as Indonesia, Malaysia, and Thailand are showing rapid improvement. However, full recovery is not anticipated until 2024.

According to the Changi Airport Group (CAG), the airport has recovered over 80% of its pre-COVID city links, re-establishing itself as a strategic gateway to Southeast Asia and beyond. As of Jun 2023, the airport was connected to 148 global destinations.

Source: Department of Singapore Statistics

International visitors by country

Where do the majority of Singapore’s visitors come from?

In 2022, some 68.9% of all international tourists to Singapore derived from the country’s top 10 inbound markets. Indonesia was the biggest market, commanding a 16.6% share, followed by India (10.3) and Malaysia (8.9%).

Source: Department of Singapore Statistics

Indonesia

Indonesia reclaimed its crown as Singapore’s biggest inbound source market in 2022, as demand from China receded dramatically. In the first ten months of 2023, Singapore welcomed 1.87 million arrivals from Indonesia, exceeding the annual total achieved in 2022. In contrast, only 762,463 tourists from Indonesia visited Singapore over the same period in 2022, signifying a year-on-year growth of 59.3%. Air capacity from Indonesia is gradually returning to pre-COVID levels, and the STB foresees that the opportunity for capturing first time visitors form this market will hail from Tier 2 markets, as airlines commence or reinstate direct connections to Singapore.

India

Arrivals from India reached 887,268 between January and October 2023, a 64.7% rise over the same period in 2022. India is a key segment for the country’s buoyant cruise industry, and in 2022, 49,000 Indian arrivals embarked on a cruise from Singapore – equivalent to around 30% of 2019’s 160,000. India is also a significant contributor to Singapore’s MICE and weddings sector. In 2023, industry leaders such as Disney Cruise Lines, Scoot, Mandai Wildlife Group and The Sentosa Development Corporation as well the STB launched multiple marketing initiatives to woo the Indian market. STB and Singapore Airlines targeted families in 2022 during the summer holidays with the tagline Enjoy Your Family Times Now in Singapore.

Malaysia

Visits from Singapore’s closest neighbour hit 891,904 between January and October 2023, an uptick of 110.7% over the same period the previous year. According to STB, visiting friends and family comprised 29% of all visits from Malaysia in 2019, the highest out of all tracked inbound sectors. STB expects travel demand from Malaysia to remain strong despite rising costs and less favourable currency exchange rates. Increased air connectivity, coupled with rising affluence in Sabah and Sarawak will continue to propel inbound traffic from this market. Malaysia continues to see its share of independent travellers grow, showcasing this market’s preference for solo or small group travel over travel agent packages.

Australia

Some 884,258 arrivals to Singapore in the first 10 months of 2023 derived from Australia. This was a rise of 117% over the same time in 2022. STB asserts that Australians are prioritising travel over luxury and other big items despite the rising cost of living, Its Oceania marketing team is currently focussed positioning Singapore as a longer stayover destination for Australians as opposed to just simply being a stopover.

Philippines

In 2019, almost a quarter of visits from the Philippines were for the sole purpose of visiting friends and family, the second highest amongst international markets. Between January and October 2023, Singapore welcomed 568,381 visitors from the Philippines, a figure 108% higher than in the same period in 2022. As of April 2023, air connectivity between the Philippines and Singapore – which is dominated by Cebu Pacific - had reached 85% of pre-COVID levels. In the same year the Philippine government declared more long weekends for 2023 to encourage more domestic tourism. This may also have a knock-on effect for short haul destinations such as Singapore. This market is more price sensitive, so the focus is on driving demand through promotions, At the same time, STB has embarked on reaching out to leisure travellers outside of Manila CBD to other affluent areas in the capital such as Quezon City and Rizal. There has also been a push to encourage Filipino travellers to visit Singapore on fly-cruise packages.

China

Before the pandemic, China was Singapore’s largest source of international arrivals in terms of both volume and value. In 2019, 3.63 million tourists had visited Singapore from China, spending over S$4 billion, the highest on record since 1978. However, this figure fell by 85% to S$602.29 million in 2022, when only 130,868 Chinese visitors were recorded as the pandemic and ensuing strict travel restrictions continued to put a stranglehold on tourism demand. Mainland China took sixth place in terms of tourism receipts in 2022, overtaken by Indonesia, India, Malaysia, and Australia.

Factors for the slow recovery in outbound tourism from China include higher airfares for international routes due to reduced air capacity and more cautious spending amongst Chinese travellers amid the country’s slowing economic growth. Singapore’s high-cost relative to neighbouring destinations such as Bali in Indonesia and Phuket in Thailand is another prime factor behind the relatively muted rebound.

Between January and October 2023, 1.13 million Chinese tourists entered Singapore, versus 3.12 million in 2019. STB anticipates that arrivals from China will grow in 2024, as airlines add more seats. Data from CTrip, China’s largest online travel agency, showed that Singapore remains one of Chinese tourists’ favourite overseas destinations, behind Thailand, Japan, and South Korea.

STB intends to harness its reputation as a safe, high-quality destination to draw more Chinese tourists in. At the same time, it is focussing on drawing more MICE tapping on post-COVID pent-up demand for overseas locations.

Tourism Receipts

Tourism revenue has grown steadily since the financial crisis of 2008, peaking in 2016 when it hit S$68 billion, effectively doubling in value over 2009, in line with the increase in inbound tourism volume. Receipts hit S$S29.3 billion in 2022, compared to S$4.3 billion in 2021.In the first six months of 2023 receipts ballooned to S$17.1 billion, a rise of 184.8% over the same period in 2022,

Source: Department of Singapore Statistics

Other components which include airfare and other modes of transport such as ferries and cruises (34%), followed by accommodation (22%), made up the bulk of tourism receipts in 2022, Food & beverage contributed 9%, shopping 19% and sightseeing the remaining 16%. Sightseeing, entertainment, and gaming saw the greatest decline in tourist spending between 2019 and 2022, down 61% for the period. Shopping experienced the next biggest drop, halving from S$5.6 to S$2.8 billion.

In 2022, Indonesia, India and Australia were the top tourism receipts generating markets, contributing S$1.72 billion, S$1.09 billion, and S$1.07 billion respectively, excluding sightseeing, entertainment, and gaming. In contrast, it was mainland China (S$4.12 billion), Indonesia (S$3.7 billion) and India (S$1.62 billion) who were the top three generating tourism receipts in 2019. Thailand generated the biggest increase in tourism revenue between 2021 and 2022, followed by Australia and the Philippines.

Delving deeper, Indonesia was the biggest contributor to other components, shopping and accommodation spend in 2022. India was the highest in value terms for food. Proportionately, it was the Vietnamese who spent the most on shopping (41%) and food (15%), the Chinese for accommodation (33%), and the USA for other components (58%).

Outbound tourism

As with inbound tourism, outbound tourism from Singapore peaked at 10.7 million departures in 2019, a rise of 3.2% over 2018. That same year, outbound expenditure leapt 2% to US$27 billion.

Source: United Nations World Tourism Organisation

Demand for overseas travel amongst Singapore residents surged in 2023, as the travel and tourism sector recovered, and fears regarding COVID-19 subsided. According to a regional study carried out by Google, Temasek and Bain & Company in November 2022, a total of 52% of Singaporeans planned to travel internationally in 2023, up from 39% in 2022, Singaporeans lead in terms of intent to travel overseas, followed by Malaysians and Vietnamese.

Singaporeans’ appetite for travel has returned in force. A survey carried out by Skyscanner for the 2024 edition of its annual Travel Trends report uncovered that 87% of Singapore travellers plan to take the same number, if not more, trips abroad in 2024 compared to 2023. The study also found that close to half of Singapore travellers have budgeted to spend more on travel in 2024 compared to 2023. Unsurprisingly, interest in travel to Japan shot up in 2023, after the country dropped Covid-19 restrictions for leisure tourists in October 2022. The land of the rising sun is foremost on their minds, with Osaka, Fukuoka, Sapporo, and Nagoya taking up nearly half of Singapore’s top spots.

Skyscanner also identified three traveller types that will come to characterise the Singapore outbound market in 2024. The first, Analogue Adventurers, desire going on journeys that forgo digital devices in favour of handheld cameras, disposable cameras, or Polaroids. Deriving mainly from the Gen Z cohort, these individuals value immersion, and are embracing human-to-nature connections, over cultivating a personal brand or image.

The second segment, Celebration Vacationers are all about creating memories in amazing destinations with friends or family. Over two thirds (64%) of Singapore travellers have taken a group trip to celebrate a birthday or anniversary, with a further 25% saying it’s something they’d love to do. According to Skyscanner data, Indonesia, Thailand, and Malaysia are the most popular destinations for Singaporean group trips in 2024. Luxe-for-Less Seekers on the other hand, are ruthless bargain hunters, seeking out luxury options that fit within their budget.

Building A Strong Destination Brand

STB has been redefining its approach to attracting international tourists through a series of novel campaigns since 2017. "Passion Made Possible" (2017) rebranded Singapore as a vibrant fusion of culture, business, and personal passions. The COVID-19 Recovery Support initiative (2022) put practical measures in place to prepare the industry for further disruptions and the expected return of demand. "SingapoReimagine" reignited travel interest post-pandemic. The latest incarnation, "Made in Singapore" (2023), leverages authentic local experiences to radically shift perceptions.

"Passion Made Possible" (2017) marked a seminal shift in Singapore's tourism narrative. Orchestrated by STB and the Economic Development Board, this campaign sought to shift the perception of Singapore as a sterile business and leisure destination. Targeted at 'Cultural Explorers' and 'Socialisers', the campaign leveraged multimedia channels to tell compelling stories of Singapore and its people. This initiative represented an unprecedented unification of various government agencies and tourism businesses to build a single, compelling brand ethos.

At the height of the COVID-19 pandemic, STB launched a series of initiatives to support the tourism sector. These efforts included earmarking S$22 million for tourism businesses to invest in marketing and to initiate contingency plans for the anticipated return in demand post-pandemic. Additionally, the sector benefited from government wage subsidies. The creation of the S$2 million SG Stories Content Fund was a strategic move to support content creators in crafting captivating narratives about Singapore, bolstering digital marketing efforts. Partnerships with technology giants like Facebook, Google, and LinkedIn facilitated web-based industry training. The Treehouse - a dedicated space for piloting new ideas and solutions - was established within STB’s premises. This multi-faceted, cohesive response was a key catalyst behind the robust return of Singapore’s tourism sector post-pandemic.

Launched in January 2021, the "SingapoReimagine" campaign marked a bold step in rejuvenating Singapore's allure on the global stage. Emphasising sustainability, innovation, and safety, this campaign highlighted Singapore’s readiness to welcome tourists. This campaign leveraged partnerships with airlines, hotels, and online travel agencies to craft secure travel experiences. For example, the government rolled out the SG Clean Quality mark, which required tourism establishments to adhere to stringent levels of hygiene and sanitisation as well as Safe Management Measures.

November 2023 saw the debut of the "Made in Singapore" campaign, which turned the spotlight onto quintessentially Singaporean experiences, harnessing the country’s rich culture and heritage to elevate interest in Singapore as a prime, single destination. It introduced global audiences to the less-explored facets of Singaporean life, using storytelling to showcase the extraordinary in the everyday. This initiative relied heavily on influencers, media, and industry partners to maximise its reach and resonance.

Underpinning the current campaign is STB’s Tourism 203X Strategy. This long-term strategic blueprint aspires to future-proof Singapore’s tourism sector, positioning the city-state as a sustainable urban haven and a frontrunner in the MICE sector. The strategy encompasses the rejuvenation of existing tourist spaces and the hosting of major events, with a focus on fostering sustainability, technology, and innovation. Furthermore, it includes plans to position Singapore as a wellness sanctuary. This strategy continues STB’s tradition of nurturing partnerships with lifestyle, entertainment, and cultural stakeholders to forge unique, unforgettable visitor experiences.

Together, these campaigns and initiatives vividly illustrate Singapore’s dynamic, adaptive approach to destination brand marketing. These endeavours have reshaped Singapore’s image as a global nexus for business, culture, and leisure, echoing the nation’s resilience and innovative spirit.

Top Attractions in Singapore

Gardens by the Bay

Opened in 2012, the 101-hectare nature park Gardens by the Bay saw 10.2 million visitors annually pre Covid, with the main attractions being the Cloud Forest and Flower Dome conservatories, and the Supertree Grove. The latter is a collection of 18 concrete and steel structures between 25 and 50 metres tall, some of which serve as air exhausts for the cooled conservatories. The trees serve environmental functions such as harvesting solar energy, and the trees’ surfaces are planted with 158,000 plants of 700 species. A 128-metre walkway 22 metres above the ground allows visitors to take in the views. The attraction drew over 9.4 million visitors in 2022, versus 8.1 million in 2021. Gardens by the Bay is the country’s top-rated attraction.

Marina Bay Sands

This is one of the iconic buildings of the Singapore skyline. The ‘integrated resort’ features 2,600 hotel rooms in three 55-storey towers, with a whopping 96.7% occupancy rate pre-pandemic; the popular Sands Sky Park across the top of the three towers, with a 150-metre infinity pool, restaurants and a viewing platform; The Shoppes at Marina Bay Sands, a 606,362 square foot (leasable area) retail mall; 1.2 million square feet of convention and meeting space; a theatre; and gaming facilities including 625 table games and 2,360 slot machines. MBS, as it is known, opened in 2010, and contributed US$3.069 billion in net revenues to its parent company Las Vegas Sands Corp in 2018. 

Marina Bay Sands announced in 2019 that it was investing S$3.3 billion to expand the resort. The new development, which is adjacent to the existing property, will include a fourth hotel tower, adding 1,000 suites to the current inventory of 2,561 rooms; a 15,000-seat entertainment arena; as well as additional MICE space. This new stand-alone development comes on the tails of a S$1 billion renovation of MBS, of its rooms and suites in Tower 1 and 2.

Resorts World Sentosa

Singapore’s other, more family friendly, ‘integrated resort’. The 49-hectare property is home to attractions including Universal Studios Singapore, S.E.A. Aquarium the Maritime Experiential Museum, Dolphin Island and Adventure Cove Waterpark. The resort houses six hotels, a convention centre, and a casino. Visitor numbers exceeded 20 million annually, pre-pandemic. This is expected to rise to 20.5 million in 2024.

In 2022, Resorts World Sentosa refurbished three of its hotels in phases, collectively offering over 1,200 keys. Hard Rock Hotel Singapore was refreshed and reopened in May 2022, while Festive Hotel will be refashioned into a bleisure (business-leisure) and workation (workvacation) hotel with a variety of mobile working spaces and lifestyle offerings. The new hotel will boost the resort’s room inventory by 389 keys.

Minion Land at Universal Studios Singapore is slated to open in 2024. It will feature a world’s first original ride exclusive to Universal Studios Singapore, as well as Despicable Me Minion Mayhem, an immersive motion-simulator 3D ride in addition to themed shops and restaurants.

The S.E.A Aquarium will transform into the Singapore Oceanarium in 2024, becoming three times bigger than its predecessor. Comprising of multi-zone exhibition zones and a research and learning centre, the attraction will feature immersive exhibits that harness state-of-the-art digital innovation and interactive technology.

Singapore Botanic Gardens

Established in 1859 and inscribed as Singapore’s first UNESCO World Heritage Site in 2015, the 74-hectare Singapore Botanic Gardens are also a major tourist attraction. Home to the National Orchid Gardens with 450 species on display, Singapore Botanic Gardens normally sees 4.4 million visitors annually.

In 2021, the Gardens welcomed the Botanical Art Gallery. Housed within the colonial backdrop of Gallop House No. 7, the gallery features more than 2,000 botanical artworks, including paintings, sketches, and photographs. Gallop House No. 5 (Atbara) was also repurposed into The Forest Discovery Centre @OCBC Arboretum. It is now a centre of outreach and research, showcasing Singapore's forest ecosystems through interactive displays. These two additions are part of the Gallop Extension, which added eight hectares to the gardens, upping its total area to 82 hectares.

Mandai Nature Precinct

Work is currently underway to bring five zoological parks together to form a new wildlife and nature destination in the north of Singapore. Unveiled in 2017, this new precinct, featuring green public spaces as well as an eco-friendly resort, consists of the existing Singapore Zoo, River Safari, and Night Safari with two new additions – a Bird Park as well as a Rainforest Park. The Singapore Zoo, covering 26 hectares of tropical rainforest, draws around two million visitors per annum. It is home to 2,400 animals of 300 different species. The Night Safari, the world’s only nocturnal zoo, receives approximately 1.1 million visitors each year. Spanning 35 hectares, the park is divided into eight geographical zones that can be covered on foot via walking trials or by tram. River Safari is spread across 12-hectares, drawing around 1.1 million visitors per year. The park is home to 6,000 animals from 200 species, of which 40 are threatened. The park’s star attraction is a pair of giant pandas, Kai Kai, and Jia Jia.

Conclusion

Singapore's tourism sector is poised to grow from strength to strength in 2023 and into 2024. This swift recovery from the lows of the COVID era, albeit still shy of the pre-pandemic levels of 19.1 million visitors in 2019, is commendable given global political and economic uncertainties.

STB’s strategic marketing initiatives, such as its current "Made in Singapore" campaign, is steering the sector towards robust growth. This initiative is a masterstroke in positioning Singapore not just as a destination, but as an experience, emphasising authentic local flavours and reinforcing its reputation as a safe, top-tier destination. This strategy resonates deeply with the evolving preferences of international travellers.

The expansion and development of tourism infrastructure and services, with the government and private sectors working synergistically has been integral to Singapore’s success as a tourism destination. Key developments like the expansion of Marina Bay Sands, the transformation of the S.E.A Aquarium into the Singapore Oceanarium, and the refurbishment of Resorts World Sentosa are pivotal to keep Singapore fresh and relevant to changing visitor needs. These developments not only boost Singapore’s charm as a destination but also underscores a deep commitment to sustainable and innovative tourism practices, aligning with STB’s Tourism 203X Strategy.

Looking ahead, Singapore's tourism sector is unquestionably poised for a full recovery. With Changi Airport re-establishing over 80% of its pre-COVID city links, Singapore's role as a gateway to the rest of Southeast Asia has been reestablished, facilitating inbound tourism growth. Meanwhile, the increase in international cruise passengers, the rebound in hotel revenues, and the robust growth in business travel and MICE sectors are all positive indicators of the island’s allure as a leisure and business destination, as well as the sheer resilience of its travel and tourism sector in the face of adversity.

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Disclaimer:

The latest available data for this article was sourced in December 2023 and examines trends as far back as January 2011. Auto & General Insurance (Singapore) Pte. Limited does not guarantee the accuracy or completeness of the data and accepts no liability whatsoever arising from or connected in any way to the use or reliance upon this data.