In 2024, Singapore is gradually approaching the pre-COVID-19 number of inbound arrivals, expecting to see full recovery in 2025. Meanwhile, outbound travel surged in 2023, with strong interest continuing into 2024 despite higher costs, focusing on destinations such as Japan, Thailand, South Korea, Indonesia, and the US.
In 2023, Singapore’s Changi Airport saw a full recovery in outbound and transit passenger traffic, with inbound traffic gradually returning to pre-pandemic levels, with this level expected to be exceeded in 2024. Low-cost airlines such as Scoot performed well in 2023, especially on routes to China, demonstrating the growing demand for affordable travel options.
Lodging in Singapore’s travel industry has been seeing notable recovery, with upscale, and mid-market hotels reaching the pre-pandemic level of current value sales in 2023, and luxury hotels set to reach this target in 2024. Meanwhile, budget hotels has exceeded the pre-pandemic level of value sales since 2022, despite the competitive challenge requiring unique offerings to attract guests.
In Singapore, travel agencies are essential for providing unique information and creating innovative experiences, especially for less-visited destinations. Travel agencies are noticing a shift, whereby travellers are planning further ahead, especially for cruises, to secure better rates and availability.
Despite the expectation of slightly lower visitor numbers in 2024 than in 2019, Singapore is expected to remain a hub for prestigious events until 2028-2029, supported by increased spending from affluent demographics. The Singapore Tourism Board (STB) plans to enhance the appeal of the destination by developing new products, hosting quality events, and upgrading tourism workforce skills for better visitor experiences.
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Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
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