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Singapore expects to fully recover tourism in 2024

The Singapore Tourism Board (STB) on January 17 estimated that visitor arrivals in the city state will recover to the pre-pandemic level in 2024.
Singapore expects to fully recover tourism in 2024 ảnh 1An overview of Singapore (Photo: Internet)

Hanoi (VNA) – The Singapore Tourism Board (STB) on January 17 estimated thatvisitor arrivals in the city state will recover to the pre-pandemic level in 2024.

Singapore welcomed 6.3 million foreign visitors last year, orone-third of the pre-pandemic level, mostly from Indonesia, India andMalaysia. It beat the STB’s previous forecast of 4-6 million. The 2022 tourismrevenue was estimated at 13.8-14.3billion SGD (10.45-10.82 billion USD).

Visitorarrivals are expected to increase to 12-14 million this year, bringing in 18-21billion SGD from tourism spending.

STB Chief Executive Officer Keith Tan said this year, the board is hoping to get between30-60% of visitor arrivals compared to the figure in 2019.

According to theSTB, tourism contributes to about 4% of Singapore’s annual GDP. In 2019, theisland state hosted a record of 19.1 million visitors and earned 27.7 billion SGDfrom their receipts. Up to 3.6 million of them were Chinese, the biggest sourceof arrivals./. 

VNA
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