Bright prospects for Singapore tourism, but hotel players will need to fight hard to thrive
With stiff competition, owners need the right models to win
[SINGAPORE] Singapore’s tourism sector had a good 2025. International visitor arrivals hit 16.9 million and tourism receipts reached a record S$32.8 billion.
Compared with last year, visitor arrivals could rise, but tourism receipts might dip slightly this year. Still, the Republic could be on track to reach its goal of S$47 billion to S$50 billion in tourism receipts by 2040.
Huge investments that are being made to boost Singapore as a travel destination should help drive long-term growth in visitor arrivals and tourism receipts.
TRENDING NOW
Flight to safety: New citizens and PRs drive Singapore luxury home sales as broader market cools
Malaysia’s data centre pipeline beats its neighbours, but Singapore will retain premium status: JPMorgan
Singapore banks’ battle for wealth talent goes beyond private bankers
COE: Industry calls for closer look at commercial vehicle category as premiums hit new high