In 1H2022, Singapore clocked 1.5 million visitor arrivals, nearly 12 times more compared to the same period in 2021 (119,000), and tourism receipts (TR) reached an estimated S$1.3 billion (US$925.7 million) in 1Q2022. While IVA and TR remain a fraction of Singapore’s pre-pandemic numbers, STB remains optimistic that tourism flows will recover to pre-Covid levels by 2025.
STB’s chief executive Keith Tan said that the numbers signal “strong pent-up demand”, and underscores Singapore’s continued appeal as a destination. He remains confident that Singapore’s “rich calendar of events, as well as new and refreshed tourism offerings, will continue to attract visitors for the rest of 2022 and beyond”.
Singapore’s top five international visitor-generating markets, accounting for 56 per cent of total IVA from January to June 2022, came from Indonesia, India, Malaysia, Australia and the Philippines. Registering the largest absolute year-on-year growth were Indonesia, India and Malaysia.
The Republic currently boasts a healthy roster of events such as Formula 1 Singapore Airlines Singapore Grand Prix 2022, Tour de France Singapore Criterium, Bloomberg New Economy Forum, and Sail Grand Prix in 2023.
Fresh offerings like Hell’s Museum at Haw Par Villa, the Museum of Ice Cream, SkyHelix Sentosa, and the Avatar: The Experience at Gardens by the Bay later this year are also set to attract more visitors.
