Singapore’s Tourism Sector Reaches New Heights

In 2024, Singapore’s tourism sector reached unprecedented levels, with tourism receipts hitting SGD 22.4 billion and visitor arrivals surging to 16.5 million, marking a 21% increase compared to 2023.

Melissa Ow, the Chief Executive of the Singapore Tourism Board (STB), stated:

“In 2024, Singapore’s tourism sector posted a strong performance, an affirmation of the industry’s efforts in refreshing our products and experiences.”

• Translation: “In 2024, Singapore’s tourism sector achieved remarkable results, reflecting the industry’s commitment to enhancing our offerings and engaging in new collaborations.”

Key Source Markets

Singapore’s top tourism markets included Mainland China, Indonesia, and Australia, with significant contributions to the economic growth and enhanced air connectivity at Changi Airport.

Thriving Events and Attractions

World-class events like concerts from Coldplay and Taylor Swift significantly boosted visitor spending, alongside new attractions enriching Singapore’s tourist appeal.

Strong Hotel and Cruise Industry

The hotel sector saw an increase in occupancy and room rates, while the cruise industry thrived with 1.8 million passengers welcomed during the year, further establishing Singapore as a major Asian cruise hub.