Tourism receipts are also expected to climb to $18 billion to $21 billion. Read more at straitstimes.com.
SINGAPORE - International visitor arrivals to the Republic are expected to hit 12 million to 14 million in 2023, with full tourism recovery expected by 2024.The bullish forecast released on Tuesday by the Singapore Tourism Board comes off the back of better-than-expected numbers in 2022, which ended with 6.3 million international visitor arrivals and estimated tourism receipts of $14 billion.
Indonesia was the top market generating tourism receipts, contributing $1.1 billion in 2022. India came in second at $704 million, and Australia was third at $633 million. The numbers are still a fraction of pre-Covid-19 tourism performance figures. In 2019, visitor arrivals hit a record of 19.1 million, while tourism receipts hit $27.7 billion.no new Covid-19 variant of concern rearing its head,Tourism recovery this year will be supplemented by a $110 million injection, which is part of $500 million set aside by the Government to boost the industry, ramping up business and leisure events over 2023 and 2024.
Meetings, incentives, conventions and exhibitions and leisure events will also continue to be a driver of growth, said STB.
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