Tourism activity is expected to recover to pre-pandemic levels by 2024, says the Singapore Tourism Board.
SINGAPORE: The number of visitors to Singapore reached 6.3 million in 2022, exceeding the Singapore Tourism Board's forecast of between 4 million and 6 million.
In the first nine months of 2022, receipts came up to an estimated S$8.96 billion, with the top spenders hailing from Indonesia, India and Australia.Barring unexpected circumstances, tourism activity is now expected to recover to pre-pandemic levels by 2024, said STB.Marquee events such as the Formula 1 night race and strong demand from Singapore’s key source markets drove the rebound, said the agency.
Average room rates during this period increased by 17 per cent to S$260, and revenue per available room increased by 6.2 per cent to S$206.STB said visitors were also spending more time in Singapore compared to before the pandemic.
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