Singapore’s tourism sector has posted a strong performance in 2024, with tourism receipts (TR) likely to reach the upper bound of STB’s 2024 forecast, setting a new record in tourism spend.
International visitor arrivals (IVA) increased by 21 per cent (compared to 2023) to 16.5 million, showing solid growth in visitor arrivals.
In particular, Australia and New Zealand posted a strong performance, with visitor arrivals reaching historical highs and surpassing 2019 figures. Australia was also among the top 3 markets for Tourism Receipts in 2024.
“In 2024, Singapore’s tourism sector…
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