Total visitor arrivals once again recorded healthy growth in 2019. However, over the review period as a whole, inbound arrivals recorded a much better CAGR than inbound tourists’ spending.
Inbound and outbound tourist flows via cruise recorded the highest growth rates in 2019 and are expected to continue to do so in the forecast period. This strong growth can be attributed to more multi-generational family travel in the region as well as the cost efficiency of the all-inclusive packages on offer.
Tourism is a crucial economic pillar in Singapore, which is evident in the government’s continuous investment in making Singapore an evolving vibrant destination for tourists. However, the inward pull factor has its limits in attracting more inbound tourists.
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Discover the latest market trends and uncover sources of future market growth for the Flows industry in Singapore with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.