Singapore welcomes nearly half a million Vietnamese tourists

Singapore's tourism industry is recovering quickly from the disruption caused by Covid-19.

The increase in tourist arrivals to Singapore was driven by strong demand from almost all key markets, the agency said.

Leading the way are Indonesia (2.3 million arrivals), China (1.4 million arrivals) and Malaysia (1.1 million arrivals). Vietnam also contributed 459,000 tourist arrivals to Singapore.

Accordingly, Singapore's tourism revenue is expected to reach from about SGD 24.5 billion (equivalent to USD 18.2 billion) to SGD 26 billion for 2023. This level far exceeds STB's previous forecast of SGD 18 billion to 21 billion, and is equal to about 88% to 94% of Singapore's tourism revenue in 2019. According to the plan, Singapore will announce specific figures on tourism revenue in 2023 in the second quarter of 2024.

The figures also show that Chinese, Indonesian and Australian tourists brought in the largest revenue for Singapore in the first nine months of 2023, contributing S$2.3 billion, S$2.2 billion and S$1.5 billion respectively. The STB said the figures do not include sightseeing, entertainment and gaming expenses, due to commercial sensitivities.

Visitors are also likely to spend more time in Singapore than before the pandemic, with the average length of stay in 2023 expected to be around 3.8 days, up from 3.4 days in 2019.

STB forecasts that Singapore could welcome 12 million to 14 million visitors in 2024, equivalent to about 71% of the number of visitors in 2019 - before the Covid-19 pandemic broke out.

Source