Right time for tourism fund boost, as Singapore gears up for global rebound, say watchers
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WELLNESS, sustainability, technology and the rise of remote work: The Singapore Tourism Board (STB) has set its sights on these trends as it moves to revive the beleaguered tourism sector's fortunes in the long run.
And it has an enlarged war chest for this effort: a fresh injection of S$68.5 million has been put into the Tourism Development Fund (TDF), taking the size of its ongoing five-year tranche to S$848.5 million.
STB chief executive Keith Tan told the annual Tourism Industry Conference on Wednesday: "Over the past two years, we have studied these trends very carefully and have distilled them into four challenges for all of us over the next five to 10 years."
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