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Learn moreOct 2020
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The spread of COVID-19 prompted the implementation of unprecedented measures in Singapore, such as a ban on short-term visitor arrivals and advising against non-essential travel for residents. Singapore tourism arrivals and departures have, for the large part, experienced an upward trend over the past 10 years but plummeted in April 2020.
On 7 April, Singapore implemented Circuit Breaker (CB) measures, under which people were only allowed to go out for essential shopping, such as groceries, and exercise. Only essential businesses, such as grocery stores, markets, selective restaurants for takeaway only, government bodies and infrastructure-related businesses, remained open.
As outbound departures came to a halt during the COVID-19 pandemic due to travel restrictions, most flights were grounded as demand dropped to an all-time low. Singapore Airlines is poised to make a good recovery in the latter part of 2020, however, as strong lifelines in terms of financial aid are being offered by investors.
The concerning spread of COVID-19 along with corresponding travel restrictions in outbound destinations has seriously dampened the travel appetite of Singapore residents. Leisure travel is, for the large part, deemed non-essential at this current time.
With the current government advice against non-essential travel, stringent stay-home requirements for returning travellers and local attractions remaining closed, the recovery for travel in Singapore remains fraught with uncertainty. Nevertheless, industry players are hopeful for a recovery beginning in late-2020 and leading into 2022, starting with regional travel.
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Overview:
Discover the latest market trends and uncover sources of future market growth for the Travel industry in Singapore with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you are in the Travel industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Singapore for free:
The Travel in Singapore market research report includes:
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Why buy this report?
This industry report originates from Passport, our Travel market research database.
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Market statistics: Excel workbook
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.