Singapore expects full tourism recovery by 2024

Singapore expects full tourism recovery by 2024

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But factors such as flight capacity and any renewed border restrictions could hold back tourism, said Keith Tan, STB chief executive.

Tourism contributes about 4% to Singapore’s annual GDP, according to the STB. In 2019, the regional travel hub saw a record 19.1 million visitors and S$27.7 billion in revenue.

The Southeast Asian country is expecting 12 to 14 million arrivals in 2023 and up to S$21 billion in revenue, following the announcement of the reopening of Chinese borders.

There were 3.6 million visitors from China in 2019, the biggest contributor to Singapore’s tourism before the pandemic. But when it did have tighter travel restrictions, China was overtaken by Indonesia, India, Malaysia, Australia and the Philippines.

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