Singapore tourism expects to bounce back to pre-Covid level by 2024
Last week, Singapore Tourism Board (STB) revealed that tourist arrivals to Singapore reached 6.3 million in 2022 led by Indonesia with 1.1 million visitors, followed by India at 686,000 visitors while 591,000 residents of Malaysia came to Singapore on visitor passes in 2022. In a statement, it added, 'barring unexpected circumstances, tourism activity is now expected to recover to pre-pandemic levels by 2024.
When the final numbers are in, tourism receipts (TR) are expected to reach between SGD 13.8 to 14.3 billion which is 50 to 52 per cent of the pre-pandemic level achieved in 2019.
TR reached SGD 8.96 billion (USD 6.8 billion) between January to September 2022. The top TR-generating markets were Indonesia, India and Australia, which contributed SGD 1.1 billion, SGD 704 million, and SGD 633 million respectively, excluding sightseeing, entertainment and gaming.
One of the key measurements for the tourism industry is the length of stay. Singapore is a small island that has in the past been challenged to increase the attractiveness of the city as a destination for travellers. In 2019 which was the last year before the COVID-19 pandemic, the average length of stay was 3.36 days.
However, in the latest figures released, visitors appear to be spending more time in Singapore compared with the period before the pandemic.