singapore tourism board news

Singapore's tourism marks strong recovery in 2023, with momentum likely to continue into 2024

Stb reports tourism receipts that exceeded forecasts in 2023, driven by key markets like indonesia, china and malaysia.

SINGAPORE — Singapore's tourism is experiencing a strong recovery after the years when the COVID-19 pandemic had restricted travel, with tourism receipts in 2023 surpassing the city-state's forecast.

Singapore Tourism Board (STB) said in a media release on Thursday (1 February) that the surge in tourism is primarily driven by key markets such as Indonesia, China, and Malaysia, which emerged as the top three contributors in 2023 with 2.3 million, 1.4 million, and 1.1 million visitors respectively. Additionally, Australia, South Korea, and the United States also played significant roles in contributing to this recovery.

STB added that the strong tourism recovery is expected to continue this year, with both international visitor arrivals and tourism receipts to climb further in 2024 . Projections for 2024 international visitor arrivals range from 15 million to 16 million, with anticipated contributions of approximately $26 billion to $27.5 billion in tourism receipts throughout the year.

This builds on what was achieved in 2023, a year in which Singapore attracted 13.6 million visitors, meeting STB’s forecast of between 12 million and 14 million visitors. During this period, tourism receipts were estimated to range between $24.5 billion and $26 billion, surpassing STB’s forecast of $18 billion to $21 billion.

China travellers lead in tourist spending with $2.3 billion, with Indonesia closely behind with $2.2 billion, and Australia in third place with $1.5 billion in expenditures. The increased spending reflects the positive trend observed in 2023, coupled with a lengthier average stay of 3.8 days, up from 3.4 days in 2019.

Singapore's Tourism Board anticipates continued recovery and enhanced connectivity

STB said in the media release that the expected continuing recovery of the tourism sector will be driven by improved global flight connectivity, and upcoming initiatives such as the mutual 30-day visa-free travel arrangement between China and Singapore, which is set to commence on 9 February.

Despite the resurgence, post-pandemic arrivals from China remain below pre-pandemic levels. From January to November 2023, Singapore received only 37 per cent of over 3.5 million Chinese tourists who visited Singapore in 2019.

Looking ahead, STB said it expects international flight capacity to grow in 2024 back to pre-pandemic levels, particularly for the majority of the Singapore's key markets.

Meanwhile, Changi Airport has also seen a substantial rebound in passenger traffic, reaching 86 per cent of pre-COVID-19 levels. In 2023, the airport recorded a total of 58.9 million passengers, with the top five markets driving this traffic being Indonesia, Malaysia, Australia, Thailand, and India.

STB chief executive Melissa Ow said that the robust performance in 2023 indicates a promising recovery for Singapore's tourism, aligning with the increasing demand for international travel.

"Our strategy to attract a healthy and diverse visitor portfolio, comprising long and short haul markets, has significantly contributed to our overall visitor arrivals, longer length of stay and growth in tourism receipts," she said.

A glimpse into 2023 triumphs and 2024 anticipations

In 2023, new attractions helped to breathlife into Singapore's tourism landscape, with the world’s first surf-snow-skate action sports facility, Trifecta, opening its doors in October at the heart of Orchard Road. Another major addition, Bird Paradise, commenced operations in May .

The hotel industry also had a strong showing, adding 3,210 rooms across new openings, including Pan Pacific Orchard, Mondrian Singapore Duxton, Artyzen Singapore, and The Singapore Edition.

The average room rate and revenue per available room for 2023 also surpassed figures from 2019. Despite this positive trend, the average occupancy rate in 2023 stood at 80.1 per cent, still below the pre-pandemic high of 86.9 per cent in 2019.

The Meetings, Incentives, Conventions, and Exhibitions sector continued to be a key growth driver in 2023, with Singapore securing several significant business events for the first time. These included Silmo Singapore, an eyewear and optics conference, the inaugural Asian edition of Bar Convent Singapore, and the 25th World Congress of Dermatology.

In 2024, the event pipeline remains robust, featuring the full-scale return of the Singapore Airshow in February, major conferences like the World Congress of Anaesthesiologists in March, and the World Architecture Festival in November.

Do you have a story tip? Email: [email protected] .

You can also follow us on Facebook , Instagram , TikTok and Twitter . Also check out our Southeast Asia , Food , and Gaming channels on YouTube.

Latest stories

Three friends filmed in final embrace before being swept away by flash floods in italy.

Three young friends, including a couple, were filmed in a heartbreaking final embrace before they were swept away by flash floods in northern Italy.

Passenger on killer turbulence plane so badly hurt he may have to give up job

A passenger on the Singapore Airlines flight hit by severe turbulence that led to the death of a British man believes he will have to change careers after suffering life-changing injuries.

EmRata rocks *microscopic* string bikini for an iced coffee run

The model EmRata just shared a photo of herself wearing a tiny, plunging string bikini while out on the streets of New York City

Zelensky says China working hard to 'prevent' countries from attending peace summit

Ukrainian President Volodymyr Zelensky accused China on Sunday of working hard to stop countries from going to a peace summit, which Beijing has publicly criticised because Russia is not invited."China, unfortunately, is working hard today to prevent countries from coming to the peace summit," Zelensky told reporters on the sidelines of the Shangri-La Dialogue, which draws defence officials from around the world.

‘Starved, beaten and abused’ – Ukrainian policewoman returns home after two years in captivity

A 24-year-old Ukrainian policewoman was “starved, beaten and abused” as a prisoner of war by Russian forces, her mother said as she was released after two years in captivity.

Jose Mourinho reveals why Man City will be laughing at Chelsea next season

61-year-old was a pundit on TNT Sports as Real Madrid won the Champions League

Meet Jude Bellingham's stunning Dutch model girlfriend Laura Celia Valk

Real Madrid CF and England player Jude Bellingham has found love off the pitch – meet his girlfriend Laura Celia Valk...

Israel wanted Gazan clan to take over after war – but Hamas beheaded it

A secret Israeli plan to persuade a powerful Gazan clan to take power from Hamas was derailed when the terror group executed its leader, The Telegraph can reveal.

Transfer news LIVE! Arsenal set Sesko deadline; Chelsea 'confirm' Maresca; Man Utd in Olise blow; Spurs latest

All the latest news, rumours, gossip and deals as the summer window approaches

11 best affordable Orchard Road eats so you’ll have more money for retail therapy

The post 11 best affordable Orchard Road eats so you’ll have more money for retail therapy appeared first on SETHLUI.com.

Trump claims he didn’t say ‘lock her up’ about Hillary Clinton

Former President Trump said Sunday that he never called for former election rival Hillary Clinton to be sent to jail, despite making the demand during his 2016 campaign. Trump, who himself could face jail time after being found guilty of 34 felony counts on Thursday, brushed off a recounting of his campaign trail attacks against…

The Nasty Reason Why You May Want To Stop Ordering These 3 Popular Beverages While Flying

It turns out there are a few items you might want to avoid... and for a gross reason.

Woman Who Dated Serial Killer Realized Later He Was Drugging Her Repeatedly: 'Oh My God, I Can't Wake Up'

Sherry Hopson had no idea Bruce Lindahl was a serial killer, but she did notice dangerous red flags

Taiwan separatists will be ‘crushed to pieces’, warns China

Taiwan separatists will be “crushed to pieces”, China warned at a defence summit on Sunday.

5 Singapore Stocks Paying Out Dividends in June

Here are five Singapore stocks that are dishing out dividends this month. The post 5 Singapore Stocks Paying Out Dividends in June appeared first on The Smart Investor.

Where did this popular stall with Jumbo Wanton Mee disappear to?

The post Where did this popular stall with Jumbo Wanton Mee disappear to? appeared first on SETHLUI.com.

Jude Bellingham’s premature celebration shows moment he knew Champions League trophy was his

Jude Bellingham has spent the past 11 months watching Vinicius Jr receive the ball on the left side of the final third, surging towards goal like a shark through water. Bellingham has seen hundreds of times what Vinicius can do, in training and in matches, and he evidently knew what would happen from the moment he played his pass to the Brazilian.

I'm an American who ate at KFC in Japan. The dishes I tried blew away the chain's US offerings.

Kentucky Fried Chicken (KFC) is incredibly popular in Japan and its locations and offerings here are much better than the ones in the US.

China defence chief says Beijing ready to 'forcefully' stop Taiwan independence

Chinese Defence Minister Dong Jun warned Sunday his military is ready to "forcefully" stop Taiwan independence but called for greater exchanges with the United States. "The Chinese People's Liberation Army has always been an indestructible and powerful force in defence of the unification of the motherland, and it will act resolutely and forcefully at all times to curb the independence of Taiwan and to ensure that it never succeeds in its attempts," Dong told the forum on Sunday. 

Julaiha Muslim Restaurant: 24-hour Indian Muslim eatery with over 50 dishes including stir-fried prata

The post Julaiha Muslim Restaurant: 24-hour Indian Muslim eatery with over 50 dishes including stir-fried prata appeared first on SETHLUI.com.

• My View My View
• Following Following
• Saved Saved

Singapore expects full tourism recovery by 2024

• Medium Text

Sign up here.

Reporting by Chen Lin; Additional reporting by Anshuman Daga; Editing by Kanupriya Kapoor

Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab

Thomson Reuters

Chen Lin was a reporter with the Singapore bureau until 2023, covering macroeconomics and general news in Singapore.

World Chevron

Dutch tourist accused of defacing ancient Roman villa in Herculaneum

A Dutch tourist has defaced a frescoed wall in an ancient Roman house in Herculaneum, near Naples, damaging a building that survived the volcanic eruption of Mount Vesuvius in 79 AD, Italian police said on Monday.

A Russian court sentenced a woman to one year and 8 months of "correctional work" on Monday for pouring green dye on ballots cast in the presidential election in March, a regional branch of the state Investigative Committee said.

The alert level has been raised at a volcano in the central Philippines after it erupted, sending a 5-kilometre (3.1-miles) high ash cloud into the sky, the country's seismology agency said, indicating further eruptions were possible.

The Straits Times

• International
• Print Edition
• news with benefits
• SPH Rewards
• STClassifieds
• Berita Harian
• Hardwarezone
• Shin Min Daily News
• Tamil Murasu
• The Business Times
• The New Paper
• Lianhe Zaobao
• Advertise with us

Singapore tourism

Default term listing page.

Orchard Road rejuvenation gets shot in the arm from Delfi Orchard sale

Straco Q1 net profit more than triples to $5 million on recovery of Singapore, China attractions

Top concerts helped draw over a million visitors to Sports Hub in first 3 months of 2024

Wellness attraction to be built in Marina South; Porsche Experience Centre to open in Changi

Surge in Chinese tourist arrivals in Singapore for Labour Day ‘Golden Week’

Singapore’s growth trajectory remains intact on improving exports, tourism boost: MAS

‘Northern Lights’ coming to Supertree Grove at Gardens by the Bay in May

Meet the people who help shape Singapore’s tourism infrastructure

Travel News: Sentosa’s Siloso Beach makes list of top 100 beaches in the world

Forum: Lots in Singapore to attract visitors from China

We've detected unusual activity from your computer network

To continue, please click the box below to let us know you're not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy .

For inquiries related to this message please contact our support team and provide the reference ID below.

Advertisement

Singapore tourism board.

Showing you Page 1 of 4 with 48 stories on "Singapore Tourism Board"

STB gave grant to Taylor Swift's Singapore concerts, other government bodies 'worked directly' with promoter AEG

Singapore visitor arrivals up 115% to 13.6 million in 2023

The Big Read: Beyond IRs and new attractions, how can Singapore draw more tourists and make them stay longer?

The Big Read in short: Can Singapore shed its image as a tourist stopover?

Single female travellers a 'rich area of opportunity' for S'pore tourism: STB chief

Mickey Mouse sails to Singapore: New Disney Cruise Line ship to make island city home port from 2025

Visitor numbers expected to double in 2023, tourism could recover to pre-pandemic levels next year: STB

#trending: K-pop star Jackson Wang returning to S'pore in December for Magic Man, his first solo concert tour

#trending: K-pop star Jackson Wang arrives in Singapore to rapturous welcome

Singapore forecasts up to 6 million visitor arrivals this year as global travel picks up pace: STB

Singapore to host first tour de france street race event in southeast asia.

STB invites proposals for Jurong Lake District integrated tourism development, 350-room hotel among possibilities

'Badge lady' spotted in public without mask again; authorities looking into matter

The Big Read in short: Will Singapore's F1 gambit pay dividends?

The Big Read: Singapore goes all in with F1 — will it pay off for a desperate tourism sector?

Recent searches, this browser is no longer supported.

We know it's a hassle to switch browsers but we want your experience with TODAY to be fast, secure and the best it can possibly be.

To continue, upgrade to a supported browser or, for the finest experience, download the mobile app.

Upgraded but still having issues? Contact us

My Feed has moved! Go to More > My Feed Go to Menu > More > My Feed to follow your favourite topics

Latest News

First park hyatt hotel in central china opens in the vibrant city of changsha.

TAT welcomes Iberojet’s maiden flight from Madrid to Bangkok

Korean Air ranked second best airline globally by AirlineRatings

Vietnam Airlines named among world’s best 25 airlines for 2024

Trip.com Group Outlines Future Growth Strategies at Envision 2024 Global Partner Conference

Ant Group, Mastercard, e-wallets launch a program to drive inbound tourism to China

Dusit strengthens its development team to propel global hotel expansion

Macau Achieve the Most Satisfactory Destination for Chinese Mainland Travelers in Q1 2024

SHTM Celebrates 45 Years of Excellence in Hospitality and Tourism Education

Avani Debuts in the Netherlands with the Opening of Avani Museum Quarter Amsterdam

Singapore Tourism Board sparks reimagining a new era of travel, organises Cruise & MICE Conclaves to engage travellers of tomorrow

The day-long forums featured a storied line-up of industry luminaries leading the change across the tourism and lifestyle industries.

MUMBAI – With today’s Indian travellers exploring novel and non-traditional avenues in their quest for greater value from their travel experiences, the Singapore Tourism Board (STB) brought together some of the leading minds in the tourism and lifestyle industries, to share their perspectives on the rapidly-changing market at its ‘Cruise & MICE Conclaves’ thought-leadership conferences in Mumbai on 10th March.

Hearing cutting-edge insights through a panel discussion, keynote address and product sharing sessions, more than 250 attendees from across India’s business world learnt more about the power of technology in revolutionizing MICE travel, harnessing data to effectively understand and engage young Indian consumers, and reimagine Cruise travel to tap into new consumer segments.

The day-long forums featured a storied line-up of industry luminaries leading the change across the tourism and lifestyle industries; including:

• Sukumar Verma , Managing Director, Informa Markets Singapore ;
• Sneha Choksi , Senior Business Development Associate, Tirun Travel Marketing ;
• Dikshaa Batra , Assistant Vice President, Resorts World Cruises ;
• Sridhar Keppurengan , Cross Border Payments, India & South Asia, Visa ; and
• Alexander Valladares , Chief Marketing Officer, Impresario Handmade Restaurants

The sessions focused on how changing consumer preferences have prompted the industry to respond and reimagine tourism experiences to stay ahead of the curve. Experts in the cruise industry spotlighted the importance of creating immersive experiences that align with the values and preferences of young travelers, deploying innovation and technology in the process. With 67% of Indians under the age of 35 years and the average age of Indian cruise travellers being 37 years, which is among the youngest in the world, there is much potential to tap into and grow cruising interest among the young Indian adults.

With millennials – and Gen Z soon in the future – travelling frequently for business, Sukumar shared his insight that experiential travel is slowly becoming the norm in MICE movements. With more and more business travellers combining leisure elements as part of their trips, these bleisure travellers seek out diverse experiences in the destinations, including culinary, lifestyle and cultural. Importantly, both the sessions on cruise and MICE independently addressed the growing need for sustainability in the sector – including a clear signal that consumers are revisiting conscious, sustainability-focused destinations.

Over the last few decades, Singapore has established itself as a global business and leisure hub. The country hosted several MICE events in 2022, including the Singapore Airshow in February and the Fintech Festival in November, which attracted a record turnout of more than 62,000 attendees from over 115 countries since its inaugural edition in 2016. On the Meetings and Incentive (M&I) travel front, we welcomed the SBI and Herbalife incentive groups, which were the largest post-pandemic groups from India.

India was the top source market for cruise tourism in Singapore in 2019, with over 160,00 Indian travellers who cruised from Singapore; post pandemic in 2022, cruise bookings were on a good recovery track, with more than 49,000 of the 686,000 Indian travellers arriving into Singapore via sea. With a strong growth trajectory in cruise travel and the evolving expectations of discerning, affluent and sophisticated Indian travellers, destinations are increasingly re-examining their offerings could be reshaped to meet the consumer needs.

Last week at ITB Berlin , the STB launched its brand-new ‘SingapoRewards’ scheme, which offers complimentary, hidden-gem experiences to every international visitors hungry to experience Singapore in a more immersive way. This new tourism marketplace is a key driver for the Cruise & MICE Conclave, drawing on industry leaders to share their critical insights into engaging the new Indian traveller.

Speaking about the STB’s efforts to promote reimagined cruise and MICE travel in the Indian market, Mr. G.B Srithar , Regional Director for India, Middle East, South Asia & Africa, Singapore Tourism Board (STB) said, “Singapore’s proximity, within a 3.5 to 5.5 hour flying radius, and the extensive network of flights directly connecting 16 gateways across India to the destination, allow Indian travellers the chance to easily and repeatedly experience Singapore’s boundary-pushing destination experiences. Travellers could choose ‘Fly-Cruise-Stay’ holidays to soak in the best of experiences both on land and onboard a cruise ship, as well as M&I trips featuring uniquely immersive, unconventional experiences. With our reimagined MICE and Cruise experiences, and bolstered by our world-class capabilities, facilities, and infrastructure, we are confident that Singapore will continue to meet the unique needs of tomorrow’s Indian travellers.”

In a move to reinforce its commitment to sustainability, Singapore has positioned itself as a green destination, perfectly blending biophilic elements with its urban cityscape so travellers can soak in the beauty of nature while in the heart of the city. With the modern-day travellers growing ever more tech-savvy and companies aggressively pushing their green credentials, this suite of reimagined experiences, its technology push and Singapore’s positioning as a destination for sustainable travel is further burnishing the country’s appeal to MICE and Cruise travellers.

Theodore Koumelis

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

• Theodore Koumelis https://www.traveldailynews.asia/author/theodore-koumelis/ Ant Group, Mastercard, e-wallets launch a program to drive inbound tourism to China
• Theodore Koumelis https://www.traveldailynews.asia/author/theodore-koumelis/ Macau Achieve the Most Satisfactory Destination for Chinese Mainland Travelers in Q1 2024
• Theodore Koumelis https://www.traveldailynews.asia/author/theodore-koumelis/ Avani Debuts in the Netherlands with the Opening of Avani Museum Quarter Amsterdam
• Theodore Koumelis https://www.traveldailynews.asia/author/theodore-koumelis/ Bangkok named 'Best City' in DestinAsian Readers’ Choice Awards 2024

Related posts

Hotel Indigo Changi Airport: OUE wins development render at Terminal 2

Singapore Tourism Board and Traveloka strengthen ties with New Memorandum of Cooperation

The Meetings Show Asia Pacific 2024: Revolutionizing MICE in Singapore

Singapore tourism sector witnesses robust recovery in 2023, reveals Trip.com Group data

Previous article, next article, hong kong airlines to launch service to fukuoka from 7 april 2023, pullman debuts in singapore.

Hamad International Airport Celebrates a Decade of Operational Excellence

Vessev Launches World’s First Premium Tourism Electric Hydrofoiling Vessel

Hotel marketing in the digital era: The power of video

Andrew J Wood’s Travel Secrets – Escape to Paradise Koh Yao Thailand – Unspoiled Splendour

Japan welcomes over 3 million visitors in April 2024

VNAT and BBC to promote Vietnam tourism with new show

Bangkok named ‘Best City’ in DestinAsian Readers’ Choice Awards 2024

ITB China 2024: Robust growth in Chinese travel industry

Trip.com Group unveils growth strategy at Envision 2024 Conference

Advani Hotels and Resorts reports record revenue in FY24

Accor transforms Melbourne airport with new Novotel and ibis Styles Hotels

Cygnett Hotels and Resorts announces major expansion

Marriott opens Navi Mumbai Marriott Hotel in thriving city hub

New visa initiatives to boost tourism in Thailand

Global Leader Group welcomes Jonathan Low as strategic partner in Asia

Indian Airbnb bookings in Thailand surge over 60% YoY

Skyscanner launches Savings Generator for Indian summer travelers

Malaysia showcases tourism at ITB China 2024

Airbnb: Indian travelers seek unique summer adventures

ONYX Hospitality Group hosts China roadshow to boost tourism

Easy Trip Planners reports Strong Q4 and FY24 Results

Vietnam eyes Golf Tourism boost with Shinsegae Group

Aeroviation opens new aviation education facility in Singapore

Cathay Pacific redefines premium economy with Boeing 777-300ER

AirAsia X Berhad reports strong Q1 2024 financial results

New Royal Park Hotel Ginza 6-Chome opens in Tokyo

PATA Annual Summit 2024: CEO Noor Ahmad Hamid highlights industry resilience and future trends

Skal International Bangkok luncheon talk with Mechai Viravaidya on 11th June 2024

Cultural tourism market to grow at 6.54% CAGR

Indonesian Minister refutes claims of Bali’s economic colonization

Online channels surge as Australia, New Zealand experiences sector steams toward recovery

China, Japan, and South Korea enhance cultural and tourism exchange

AAPA reports strong growth in Asia-Pacific air travel

Minor Hotels Reports Strong Q1 Profit Despite European Seasonality

Air India First in India to Offer In-Flight Medical Support with MedAire

New Day Spa Opens at Novotel Perth Murray Street

Sterling Resort in Ooty shines with Prestigious Agoda Gold Circle Award

TAT and Traveloka sign Memorandum of Agreement to enhance Thai tourism promotion

ACI APAC & MID Pushes for Improved Air Connectivity and AAM Integration in Middle East

Malaysia Celebrates Culture and Food in Shanghai Festival

Thomas Cook India Opens 8 new outlets

Radisson Hotel Group Expands in Vietnam

Norwegian Cruise Line Launches Over 24 New Port-Intensive Cruises in Asia

ATONA: New Luxury Hot Spring Ryokan Brand Debuts in Japan

Signum Hotels & Resorts Expands Presence in Dubai with New Office Space

EaseMyTrip Co-founder Withdraws Personal Bid from GoAir

ITB China 2024 Conference Unites Industry Visionaries

Hilton Recognized as Top Hospitality Company to Work for in Vietnam

Cinnamon Hotels & Resorts’ $1.3 Billion Investment to Transform Sri Lanka’s Tourism Industry

Shanghai issues prepaid travel cards for inbound travelers’ convenience

Young Indian Globetrotters Redefine Travel: Luxury, Uniqueness, and Impulsive Spending

Centara Hotels Partners with CRG to Boost Rewards for Members

Hilton Makes Strides in Sustainability with Progress on Travel with Purpose Goals

Marriott Debuts Tribute Portfolio in China with Three New Hotels

Beijing Inbound Tourism Conference Fosters Collaboration

Alipay Enhances Xi’an Tourism for International Visitors

School of Hotel and Tourism Management Students Scoop Awards

Ascott Expands its Strategic Partnership with Warees with its latest Signing of lyf Chinatown Singapore

inter airport China 2024: Registration in Full Swing

Bangalore Airport Manager Wins ACI Young Executive Award for Cybersecurity Research

Amilla Maldives Partners with NGO for World Turtle Day & Marine Conservation

Digi Yatra Takes Flight: Transforming Air Travel in India

Air India Names Sanjay Sharma as New CFO

Now boarding: Faces, places, and trends shaping tourism in 2024

After falling by 75 percent in 2020, travel is on its way to a full recovery by the end of 2024. Domestic travel is expected to grow 3 percent annually and reach 19 billion lodging nights per year by 2030. 1 Unless otherwise noted, the source for all data and projections is Oxford Economics. Over the same time frame, international travel should likewise ramp up to its historical average of nine billion nights. Spending on travel is expected to follow a similar trajectory, with an estimated $8.6 trillion in traveler outlays in 2024, representing roughly 9 percent of this year’s global GDP.

About the authors

This article is a collaborative effort by Caroline Tufft , Margaux Constantin , Matteo Pacca , and Ryan Mann , with Ivan Gladstone and Jasperina de Vries, representing views from McKinsey’s Travel, Logistics & Infrastructure Practice.

There’s no doubt people still love to travel and will continue to seek new experiences in new places. But where will travelers come from, and where will they go? We developed a snapshot of current traveler flows, along with estimates for growth through 2030. For the purposes of this report, we have divided the world into four regions—the Americas, Asia, Europe, and the Middle East and Africa.

Our analysis identifies three major themes for industry stakeholders to consider:

• The bulk of travel spending is close to home. Stakeholders should ensure they capture the full potential of domestic travel before shifting their focus to international travelers. And they should start with international travelers who visit nearby countries—as intraregional trips represent the largest travel segment after domestic trips.
• Source markets are shifting. Although established source markets continue to anchor global travel, Eastern Europe, India, and Southeast Asia are all becoming fast-growing sources of outbound tourism.
• The destinations of the future may not be the ones you imagine. Alongside enduring favorites, places that weren’t on many tourists’ maps are finding clever ways to lure international travelers and establish themselves as desirable destinations.

The bulk of travel spending is close to home

International travel might feel more glamorous, but tourism players should not forget that domestic travel still represents the bulk of the market, accounting for 75 percent of global travel spending (Exhibit 1). Domestic travel recovered from the COVID-19 pandemic faster than international travel, as is typical coming out of downturns. And although there has been a recent boom in “revenge travel,” with travelers prioritizing international trips that were delayed by the pandemic, a return to prepandemic norms, in which domestic travel represents 70 percent of spending, is expected by 2030.

The United States is the world’s largest domestic travel market at $1 trillion in annual spending. Sixty-eight percent of all trips that start in the United States remain within its borders. Domestic demand has softened slightly, as American travelers return abroad. 2 Dawit Habtemariam, “Domestic U.S. tourism growth levels off as Americans head overseas,” Skift, August 18, 2023. But tourism players with the right offerings are still thriving: five national parks broke attendance records in 2023 (including Joshua Tree National Park, which capitalized on growing interest from stargazers indulging in “dark sky” tourism 3 Scott McConkey, “5 national parks set attendance records in 2023, and the reasons may surprise you,” Wealth of Geeks, April 16, 2024. ).

China’s $744 billion domestic travel market is currently the world’s second largest. Chinese travelers spent the pandemic learning to appreciate the diversity of experiences on offer within their own country. Even as borders open back up, Chinese travelers are staying close to home. And domestic destinations are benefiting: for example, Changchun (home to the Changchun Ice and Snow Festival) realized 160 percent year-on-year growth in visitors in 2023. 4 Shi Xiaoji, “Why don’t Chinese people like to travel abroad anymore? The global tourism industry has lost 900 billion yuan. What is the situation?,” NetEase, February 12, 2024. In 2024, domestic travel during Lunar New Year exceeded prepandemic levels by 19 percent.

China’s domestic travel market is expected to grow 12 percent annually and overtake the United States’ to become the world’s largest by 2030. Hotel construction reflects this expectation: 30 percent of the global hotel construction pipeline is currently concentrated in China. The pipeline is heavily skewed toward luxury properties, with more than twice as many luxury hotels under construction in China as in the United States.

India, currently the world’s sixth-largest domestic travel market by spending, is another thriving area for domestic travel. With the subcontinent’s growing middle class powering travel spending growth of roughly 9 percent per year, India’s domestic market could overtake Japan’s and Mexico’s to become the world’s fourth largest by 2030. Domestic air passenger traffic in India is projected to double by 2030, 5 Murali Krishnan, “Can India’s airports cope with rapid passenger growth?,” Deutsche Welle, February 7, 2024. boosted in part by a state-subsidized initiative that aims to connect underserved domestic airports. 6 “India is seeing a massive aviation boom,” Economist , November 23, 2023.

When travelers do go abroad, they often stay close to home (Exhibit 2).

Europe and Asia, in particular, demonstrate strong and growing intraregional travel markets.

Recognizing this general trend, stakeholders have been funneling investment toward regional tourism destinations. An Emirati wealth fund, for instance, has announced its intent to invest roughly $35 billion into established hospitality properties and development opportunities in Egypt. 7 Michael Gunn and Mirette Magdy, “UAE’s $35 billion Egypt deal marks Gulf powers’ buying spree,” Bloomberg, April 27, 2024.

Europe has long played host to a high share of intraregional travel. Seventy percent of its travelers’ international trips stay within the region. Europe’s most popular destinations for intraregional travelers are perennial warm-weather favorites—Spain (18 percent), Italy (10 percent), and France (8 percent)—with limited change to these preferences expected between now and 2030.

Despite longer travel distances between Asian countries, Asia’s intraregional travel market is beginning to resemble Europe’s. Intraregional travel currently accounts for about 60 percent of international trips in Asia—a share expected to climb to 64 percent by 2030. As in Europe in past decades, Asian intraregional travel is benefiting from diminishing visa barriers and the development of a low-cost, regional flight network.

Thailand is projected to enjoy continued, growing popularity with Asian travelers. Thailand waived visa requirements for Chinese tourists in 2023 and plans to do the same for Indian tourists starting in 2024. It has aggressively targeted the fast-growing Indian traveler segment, launching more than 50 marketing campaigns directed at Indians over the past decade. The investment may be paying off: Bangkok recently overtook Dubai as the most popular city destination for Indian tourists. 8 “Bangkok overtakes Dubai as top destination for Indians post visa relaxation, reveals Agoda,” PR Newswire, January 18, 2024.

A McKinsey ConsumerWise survey on consumer sentiment, conducted in February 2024, suggests that Chinese travelers are also exhibiting high interest in international travel, with 36 percent of survey respondents indicating that they intend to spend more on international travel in the next three months. 9 Daniel Zipser, “ China brief: Consumers are spending again (outside of China) ,” McKinsey, April 8, 2024. Much of this interest is directed toward regional destinations such as Southeast Asia and Japan, with interest in travel to Europe down from previous years. 10 Guang Chen, Zi Chen, Steve Saxon, and Jackey Yu, “ Outlook for China tourism 2023: Light at the end of the tunnel ,” McKinsey, May 9, 2023.

Given travelers’ preference for proximity, how can tourism stakeholders further capitalize on domestic and intraregional travel demand? Here are a few strategies:

• Craft offerings that encourage domestic tourists to rediscover local gems. Destinations, hotels, and transportation providers can encourage domestic tourists to integrate lesser-known cultural landmarks into their trips to visit friends and relatives. In France, the upscale hotel chain Relais & Châteaux markets historic properties that lie far from classic tourist sights—such as Château Saint-Jean in rural Auvergne—as a welcome escape from the bustle of Paris. In Mexico, the Pueblos Mágicos program has successfully boosted domestic tourist visits to a set of “magical towns” that showcase Mexican heritage.
• Fold one-off domestic destinations into fuller itineraries. Route 66 in the United States is a classic road trip pathway, which spurs visits to attractions all along the highway’s length. Tourism stakeholders can collaborate to create similar types of domestic itineraries around the world. For instance, Mexico has expanded on its Pueblos Mágicos concept by branding coordinated visits to multiple villages as “magical routes.” In France, local tourism boards and vineyards have collaborated to promote bucket list “wine routes” around the country.
• Make crossing borders into neighboring countries seamless. Removing logistical barriers to travel can nudge tourists to upgrade a one-off trip to a single attraction into a bucket list journey across multiple, less-trodden destinations. In Africa, for example, Ethiopian Airlines is facilitating cross-border travel to major regional tourist sites through improved air connectivity. In Asia, Thailand has announced its intent to create a joint visa easing travel among Cambodia, Laos, Malaysia, Myanmar, Thailand, and Vietnam.

Source markets are shifting

The United States, Germany, the United Kingdom, China, and France remain the world’s five largest sources of travelers, in that order. These countries collectively accounted for 38 percent of international travel spending in 2023 and are expected to remain the top five source markets through 2030. But interest in travel is blossoming in other parts of the world—causing a shift in the balance of outbound travel flows (Exhibit 3).

North Americans’ travel spending is projected to hold steady at roughly 3 percent annual growth. US consumers voice growing concerns about inflation, and the most cost-constrained traveler segments are reducing travel, which is affecting ultra-low-cost airlines and budget hotels. Most travelers, however, plan to continue traveling: McKinsey research suggests that American consumers rank international and domestic travel as their highest-priority areas for discretionary spending. Instead of canceling their trips, these consumers are adapting their behavior by traveling during off-peak periods or booking travel further in advance. Travel spending by Europeans paints a slightly rosier picture, with roughly 5 percent projected annual growth. Meanwhile, the projected 12 percent annual growth in Chinese travelers’ spending should anchor substantial increases in travel spending across Northeast Asia.

Alongside these enduring traveler segments, new groups of travelers are emerging. Eastern Europe, India, and Southeast Asia are still comparatively small source markets, but they are developing fast-growing pools of first-time tourists (Exhibit 4).

India’s breakneck GDP growth of 6 percent year over year is bolstering a new generation of travelers, 11 Benjamin Laker, “India will grow to become the world’s third-largest economy by 2027,” Forbes , February 23, 2024. resulting in a projected annual growth in travel spending of 9 percent between now and 2030. Indian air carriers and lodging companies are making substantial investments to meet projected demand. Budget airline IndiGo placed the largest aircraft order in commercial aviation history in 2023, when it pledged to buy 500 Airbus A320 planes 12 Anna Cooban, “Biggest plane deal in history: Airbus clinches massive order from India’s IndiGo,” CNN, June 19, 2023. ; that same week, Air India nearly equaled IndiGo’s order size with purchase agreements for 250 Airbus and 220 Boeing jets. IndiGo later added an order for 30 additional Airbus A350 planes, well suited to serving both domestic and international routes. 13 “Airbus confirms IndiGo's A350 aircraft order,” Economic Times , May 6, 2024. The Indian Hotels Company Limited is ramping up its hotel pipeline, aiming to open two new hotels per month in the near future. International players are not sitting on the sidelines: seven hotel chains are launching new brands in India in 2024, 14 Peden Doma Bhutia, “Indian Hotels expansion plans: 2 new brands launching, 2 hotels opening every month,” Skift, February 2, 2024. including Marriott’s first Moxy- and Tribute-branded hotels in India and entrants from Hilton’s Curio and Tapestry brands. 15 Forum Gandhi, “Check-in frenzy: International hotel giants unleash fresh brands in India’s booming hospitality landscape,” Hindu Businessline , February 13, 2024. Development focus has shifted away from major metropolises such as Mumbai and Delhi and toward fast-developing, smaller cities such as Chandigarh and Hyderabad.

Southeast Asian travel spending is projected to grow at roughly 7 percent per year. Pockets of particularly high growth exist in Cambodia, Malaysia, and the Philippines. To capitalize on this blossoming source market, neighboring countries are rolling out attractive visa arrangements: for example, China has agreed to reciprocal visa waivers for short-term travelers from Malaysia, Singapore, and Thailand. 16 Julienna Law, “China launches ‘visa-free era’ with Southeast Asia. Will travel retail boom?,” Jing Daily , January 30, 2024.

Travel spending by Eastern Europeans is expected to grow at 7 percent per year until 2030—two percentage points higher than spending by Western Europeans. Areas of especially high growth include the Czech Republic, Hungary, and Poland, where middle-class travelers are increasingly venturing farther afield. Major tourism players, including the TUI Group, have tapped into these new source markets by offering charter flights to warm-weather destinations such as Egypt. 17 Hildbrandt von Klaus, “TUI develops Czech Republic as a new source market,” FVW, December 22, 2023.

Although the number of travelers from these new source markets is growing, their purchasing power remains relatively limited. Compared with Western European travelers (who average $159 per night in total travel spending), South Asians spend 20 percent less, Eastern Europeans spend 40 percent less, and Southeast Asians spend 55 percent less. Only 3 percent of the current Asian hotel construction pipeline caters to economy travelers, suggesting a potential supply gap of rooms that could appeal to budget-constrained tourists.

While acknowledging that historical source markets will continue to constitute the bulk of travel spending, tourism players can consider actions such as these to capitalize on growing travel demand from newer markets:

• Reduce obstacles to travel. Countries can look for ways to strategically invest in simplifying travel for visitors from growing source markets. In 2017, for example, Azerbaijan introduced express processing of electronic visas for Indian visitors; annual arrivals from India increased fivefold in two years. Requirements regarding passport photocopies or in-person check-ins can similarly be assessed with an eye toward reducing red tape for travelers.
• Use culturally relevant marketing channels to reach new demographics. Unique, thoughtful marketing strategies can help destinations place themselves on first-time travelers’ bucket lists. For example, after the release of Zindagi Na Milegi Dobara , a popular Bollywood movie shot in Spain with support from the Spanish Ministry of Tourism, Indian tourism to Spain increased by 65 percent. 18 “ Zindagi Na Milegi Dobara part of syllabus in Spain colleges,” India Today , June 6, 2004.
• Give new travelers the tech they expect. Travelers from newer source markets often have access to tech-forward travel offerings. For example, Indian travelers can travel anywhere within their country without physical identification, thanks to the Digi Yatra app. The Southeast Asian rideshare app Grab has several helpful travel features that competitors lack, such as automated menu translation and currency conversion. Tourism stakeholders should consider how to adapt to the tech expectations of newer travelers, integrating relevant offerings that ease journeys.
• Create vibrant experiences tailored to different price points. Crafting lower-budget offerings for more cost-constrained travelers doesn’t need to result in giving them a subpar experience. Capsule hotels, in which guests sleep in small cubbies, began as a response to the high cost of accommodations in Japan, but they have become an attraction in their own right—appearing on many must-do lists. 19 Philip Tang, “24 of the best experiences in Japan,” Lonely Planet, March 23, 2024.

The places you’ll go: The destinations of the future may not be the ones you imagine

The world’s top ten destination countries (the United States, Spain, China, France, Saudi Arabia, Türkiye, Italy, Thailand, Japan, and India, in that order) currently receive 45 percent of all travel spending, including for domestic travel. But some new locales are gaining traction (Exhibit 5).

A significant number of travelers are expanding their horizons, booking journeys to less visited countries that are near to old standbys. For instance, Laos and Malaysia, which both border Thailand—an established destination that is home to Bangkok, the world’s most visited city 20 Katherine LaGrave, “This is the world’s most visited city,” AFAR , January 31, 2024. —are up a respective 20 percent and 17 percent, respectively, in year-over-year international travel spending.

The world’s top ten destination countries currently receive 45 percent of all travel spending, including domestic-travel spending. But some new locales are gaining traction.

Several other countries that have crafted thoughtful tourism demand generation strategies—such as Peru, the Philippines, Rwanda, and Vietnam—are also expected to reap benefits in the coming years. Vietnam logged a remarkable 40 percent increase in tourism spending in the five years before the pandemic. Postpandemic, it has rebounded in part by waiving visa requirements for European travelers (while indicating intent to offer similar exemptions in the future for Chinese and Indian travelers). 21 Ashvita Singh, “Vietnam looks to offer visa-free entry to Indians: India report,” Skift, November 20, 2023. The Philippines has made a concerted effort to shift its sun-and-beach branding toward a more well-rounded image, replacing its long-standing “It’s more fun in the Philippines” tourism slogan with “Love the Philippines.” Peru is highlighting less visited archeological sites while also marketing itself as a top-notch culinary destination through the promotion of Peruvian restaurants abroad. Rwanda is investing in infrastructure to become a major African transit hub, facilitated by Qatar Airways’ purchase of a 60 percent stake in the country’s major airport. 22 Dylan Cresswell, “Rwanda plots ambitious tourism recovery,” African Business , July 28, 2022. Rwanda has also successfully capitalized on sustainable tourism: by charging $1,500 per gorilla trekking permit, for instance, it has maximized revenue while reducing environmental impact.

Tourism players might consider taking some of these actions to lure tourists to less familiar destinations:

• Collaborate across the tourism ecosystem. Promotion is not solely the domain of destination marketing organizations. Accommodation, transportation, and experience providers can also play important roles. In Singapore, for instance, the luxury resort Marina Bay Sands partners extensively with Singapore Airlines and the Singapore Tourism Board to offer compelling tourism offerings. Past collaborations have included flight and stay packages built around culinary festivals and a Lunar New Year drone show. 23 “Singapore Tourism Board, Marina Bay Sands & UOB partner to enliven Marina Bay precinct,” Singapore Tourism Board news release, January 25, 2024.
• Use infrastructure linkage to promote new destinations. By extending route options, transportation providers can encourage visitors to create itineraries that combine familiar destinations with new attractions. In Asia, Thailand’s tourism authority has attempted to nudge visitors away from the most heavily trafficked parts of the country, such as Bangkok and Phuket, and toward less popular destinations.
• Deploy social media to reach different demographics. Innovative social media campaigns can help put a destination on the map. Australia launched its “Ruby the kangaroo” campaign in China to coincide with the return of postpandemic air capacity between the two places. A video adapted for Chinese context (with appropriate gestures and a hashtag in Mandarin) garnered more than 20 million views in a single day on one of China’s largest social media platforms. 24 Nicole Gong, “Can Ruby the kangaroo bring Chinese tourists hopping back to Australia?,” SBS, June 5, 2023.
• Embrace unknown status. “Off the beaten path” messaging can appeal to widely traveled tourists seeking fresh experiences. Saudi Arabia’s “#WhereInTheWorld” campaign promoted the country’s tourist spots by acknowledging that they are less familiar to travelers, using a series of images that compared these spots with better-known destinations.

As tourism stakeholders look to the future, they can take steps to ensure that they continue to delight existing travelers while also embracing new ones. Domestic and intraregional tourism remain major opportunities—catering to local tourists’ preferences while building infrastructure that makes travel more seamless within a region could help capture them. Creative collaboration among tourism stakeholders can help put lesser-known destinations on the map. Travel tides are shifting. Expertly navigating these currents could yield rich rewards.

Caroline Tufft is a senior partner in McKinsey’s London office, Margaux Constantin is a partner in the Dubai office, Matteo Pacca is a senior partner in the Paris office, Ryan Mann is a partner in the Chicago office, Ivan Gladstone is an associate partner in the Riyadh office, and Jasperina de Vries is an associate partner in the Amsterdam office.

The authors wish to thank Abdulhadi Alghamdi, Alessandra Powell, Alex Dichter, Cedric Tsai, Diane Vu, Elisa Wallwitz, Lily Miller, Maggie Coffey, Nadya Snezhkova, Nick Meronyk, Paulina Baum, Peimin Suo, Rebecca Stone, Sarah Fellay, Sarah Sahel, Steffen Fuchs, Steffen Köpke, Steve Saxon, Sophia Wang, and Urs Binggeli for their contributions to this article.

This article was edited by Seth Stevenson, a senior editor in the New York office.

Explore a career with us

Related articles.

The future of tourism: Bridging the labor gap, enhancing customer experience

The promise of travel in the age of AI

From India to the world: Unleashing the potential of India’s tourists

SINGAPORE TOURISM BOARD

The roving Indian: Rise of luxury sports tourism

The Paris Olympics and the T20 World Cup are not enough for India’s luxury sports tourists who seek unique experiences alongside the sporting events.

PhonePe users can now make payments through UPI in Singapore

PhonePe enables UPI payments in Singapore through a pact with The Singapore Tourism Board, enhancing cross-border transactions for Indian visitors. The collaboration includes joint marketing efforts and over 8,000 merchants for seamless transactions.

MakeMyTrip and Singapore Tourism Board ink MoU to spark Indian wanderlust

MakeMyTrip and Singapore Tourism Board have signed an MoU to boost Singapore as a top destination for Indian travelers. Collaborative efforts to enhance inbound travel through tailored holiday packages and marketing campaigns. Singapore sees significant interest from Indian tourists, aiming to attract more visitors by expanding infrastructure and improving amenities.

Singapore bullish on potential tourist arrivals from India, expands hospitality infrastructure

Singapore aims to boost tourism from India, emphasizing hospitality infrastructure expansion with 9,000 new hotel rooms. STB promotes aggressively in India, eyeing both tourist and business traveler influx, citing growing bilateral trade opportunities in sectors like pharma and IT. APAC edition of NRF Retail Big Show scheduled, expecting 5-10% Indian delegates.

Singapore is optimistic about welcoming more tourists from India, focusing on expanding its hospitality infrastructure with 9,000 new hotel rooms. The Singapore Tourism Board is actively promoting the country as a holiday destination, targeting both leisure travelers and business visitors. The upcoming APAC edition of the NRF Retail Big Show in June highlights Singapore's efforts to attract international delegates and boost bilateral trade opportunities with India.

Hotels, flights booked out as 'Swift effect' hits Singapore

Taylor Swift's tour in Southeast Asia brings profits to Singapore, causing neighboring countries to be unhappy. The country's efforts to attract international artists have paid off. Online scams target desperate fans. Swift's shows generate significant benefits to Singapore's economy.

Global markets chase Indian MICE biz as corporate travel bounces back

Corporate travel is resuming in India, with overseas markets like Hong Kong, Moscow, Turkiye, Dubai, and more betting big on hosting meetings and conferences. Hong Kong sees traction from various sectors, while Moscow plans to directly reach out to Indian corporate clients. Dubai introduces a 5-year visa to boost travel, and Turkiye expects high MICE traveler numbers from India.

Singapore received 1.1 million Indian tourists last year; overall numbers surge to 13.6 mn in 2023 from 6.3 mn in 2022: Report

Singapore's tourism sector recovered strongly in 2023, with 13.6 million visitors, including 1.1 million from India. The recovery was driven by demand from key markets like Indonesia, China, and Malaysia. Singapore's tourism receipts are expected to exceed forecasts, reaching 24.5-26 billion Singaporean dollars. Visitors spent more time in Singapore, with an average length of stay of 3.8 days. In 2024, the recovery is expected to continue with increased flight capacity and the implementation of the mutual 30-day visa-free travel agreement between China and Singapore. The hotel industry also performed well, surpassing 2019 levels in average room rate and revenue per available room.

Singapore Tourism Board names Markus Tan as regional director, India, Middle East, South Asia, and Africa

Tan is a veteran of STB, having dedicated 18 years to the organisation in various roles. Prior to this appointment, he served as the director for World Expo and led the whole-of-government efforts to conceptualise, develop, and operate the Singapore Pavilion at Osaka World Expo 2025. From 2015 to 2022, he was based in Tokyo, Japan, as the regional director for North Asia, overseeing STB operations in Japan and the Republic of Korea.

More Indians may spend New Year holidays abroad

Tour and travel companies such as Thomas Cook, SOTC and EaseMyTrip have seen up to 30% uptick in demand for short-haul international routes compared to last year. Packages for many of these destinations are comparable with those for popular domestic spots, as some countries are actively wooing Indian travellers with visa-free entry and by nudging airlines to offer easy connectivity at affordable rates.

94,332 Indians visited Singapore in October

"A total of 94,332 Indian tourists visited Singapore in October, up from 81,014 in the preceding month. It took over countries such as Malaysia and Australia," said the data released by the Singapore Tourism Board (STB).

UAE creates federal authority for 'commercial gaming' as casino giants flock to Gulf Arab nation

The United Arab Emirates (UAE) has established a federal authority, the General Commercial Gaming Regulatory Authority, indicating that it may be moving towards allowing gambling in the country. The authority will oversee a potential national lottery and commercial gaming operations. Kevin Mullally, former executive director of the Missouri Gaming Commission, has been appointed as CEO.

Canberra, a different kind of capital

Canberra, Australia's capital city, prioritizes sustainability with its commitment to achieving zero net greenhouse gas emissions in the next 20 years and running on 100% renewable electricity. Visitors can enjoy eco-friendly experiences like self-drive picnic boats that use recycled PET bottles and picnic tables made from recovered wood, accredited by the Australian Tourism Industry Council as a Sustainable Tourism Operator.

India key source market for Singapore cruise industry

Singapore's tourism industry has seen significant recovery, with 6.3 million tourists visiting in 2022, exceeding the forecast of 4-6 million due to COVID-19 recovery. The highest tourist-generating market was Indonesia with 1.1 million visitors, followed by India with 686,000 visitors. Singapore Tourism Board has also launched a campaign promoting the Disney Cruise Line to welcome Indians on a family vacation.

Nepal plane crash: Singapore to analyse black boxes

Flight recorders, or black boxes, capture information about a flight such as instrument warnings and audio recordings, and help in piecing together events leading up to an incident. Examination of the black boxes is expected to take a week and will be free, The Kathmandu Post had said on Wednesday.

Overseas tourism boards to continue tapping into India even as China eases curbs

In the absence of Chinese travellers, various markets had been focusing a lot more on India last year considering the diverse population base. Isada Saovaros, director at Tourism Authority of Thailand's Mumbai office said India has played a 'very important' role in the country's tourism recovery.

Indians overtake China in visitor numbers to Singapore

Singapore is set to report its best year for tourism since the COVID-19 pandemic shut the travel sector down with help from visitors from Indonesia, India, Malaysia and Australia. Based on data from the Singapore Tourism Board (STB) till November, these four countries together account for almost half (48 per cent) of the total arrivals to the small island state. As of November, the number of foreign arrivals in Singapore reached 5.37 million. In July this year, the Singapore Tourism Board (STB) said that Singapore expected to receive between 4 and 6 million visitors in 2022.

Thousands stranded at Philippine airports due to power outage

Tens of thousands of travellers were stranded at Philippine airports on Sunday after a power outage knocked out communication and radar equipment at the country's busiest hub in Manila, forcing hundreds of flights to be cancelled, delayed or diverted.

Singapore Tourism Board says no changes in Covid protocol for travellers from India

The board said travellers from India to Singapore can continue enjoying their travels to Singapore, in light of no change to border and on-ground restrictions. Additionally, non-fully vaccinated travellers can also enter Singapore without any quarantine, as long as they possess a negative pre-departure RT-PCR or professionally administered ART test report.

Govt to wind up its overseas tourism offices by March 31 next year, experts criticise move

An office memorandum, issued by under secretary Rajesh Kumar, reads, "The undersigned is directed to intimate that as per the approval of the competent authority, Ministry of Tourism has decided to wind up all the overseas Indian Tourism offices before March 31, 2023."

Singapore tourism gets boost from F1's return and high Indian tourist arrivals

Indians at the moment, make up the second largest group of visitors to Singapore by country of origin. Up till August, Singapore received a total of 2.96 million visitors. Out of these, 378,490 are from India. Indonesia is the largest source of foreign visitors to Singapore till August at 588,870. Malaysia is in third place with 264,170, followed by Australia (258,670) and Vietnam (177,510).

Indians are second highest number of arrivals in Singapore

After Singapore reopened its borders in April to all vaccinated travellers, it received over 1.5 million visitors for the first half of 2022 which included over 219,000 Indian visitors. The largest group of visitors is from neighbour Indonesia at 282,000.

India major contributor as Singapore visitor arrivals increases 12-fold

The largest group of visitors is from neighbours Indonesia at 282,000. Malaysia is third with 139,000 visiting Singapore by air, followed by Australia (125,000) and the Philippines (81,000). Together the top five account for over 56 per cent of international visitors for the January to June period of this year.

Former diplomats, academics share their views on Gotabaya Rajapaksa's private visit to Singapore

Although Rajapaksa has not requested asylum, it is within his rights as a passport holder to visit Singapore, the TODAY newspaper reported on Saturday.

Singapore tourism numbers soar as it commits to remaining open, Indian visitors ranked first

Indians are making up for the missing Chinese and have since the beginning of the year, been the largest group of nationals travelling to Singapore. About 95,500 Indians entered Singapore from January to April. Second are Indonesians at 89,700 and third, Malaysians with 45,600 making the trip by air to Singapore.

Tourism sector comes to a standstill as quarantine fears loom

With India temporarily suspending visas to people from China and those who visited China due to coronavirus outbreak, restrictions on travellers from several other affected countries, and fresh cases emerging in Europe and the US, leisure and business travel, both incoming and outgoing, has taken a hit.

DDB Mudra Group names Preetham Venkky as president 22feet Tribal Worldwide

Venkky comes with over 20 years of experience in digitally advanced markets in Asia including Hong Kong and China. At KRDS he built one of Singapore’s largest independent digital agencies from the ground up. KRDS worked on brands such as Singapore Airlines, DBS, OCBC, AIA, Prudential, Capitaland, Singapore Tourism Board, P&G, J&J, HP and Facebook.

Xperium part of nine firms selected to create solutions for tourism

Then nine firms have proposed a wide range of solutions that show potential to improve productivity, formulate stronger strategies to engage visitors, and enhance the overall visitor experience.

We remain focused on building the pipeline of visitors from India: Singapore Tourism Board regional director

For the fourth time in a row, Visitors Arrival (VA) from India to Singapore had crossed the 1 million mark

• Agri-Commodities
• Asean Economic Community
• Banking & Finance
• Business Sense
• Entrepreneur
• Executive Views
• Export Unlimited
• Harvard Management Update
• Monday Morning
• Mutual Funds
• Stock Market Outlook
• The Integrity Initiative
• Editorial cartoon
• Design&Space
• Digital Life
• 360° Review
• Biodiversity
• Climate Change
• Environment
• Envoys & Expats
• Health & Fitness
• Mission: PHL
• Perspective
• Today in History
• Tony&Nick
• When I Was 25
• Wine & Dine
• Live & In Quarantine
• Bulletin Board
• Public Service
• The Broader Look

Today’s front page, Friday, May 31, 2024

‘Made in Singapore’ 3D billboard kicks off new Singapore tourism campaign 

• BusinessMirror
• May 11, 2024
• 4 minute read

Created by the Singapore Tourism Board, Filipinos can expect content partnerships and more to inspire extraordinary Singapore adventures

MANILA, Philippines — The Singapore Tourism Board (STB) shines the spotlight on the Lion City’s iconic and unique attractions in a new 3D billboard unveiled in Bonifacio Global City (BGC). The spot, titled “Made in Singapore”, kicks off STB’s latest campaign in the Philippines. The campaign will feature Filipino creatives and other exciting experiences to entice Filipino travelers to book their flights to Singapore. 

Terrence Voon, STB’s Executive Director for Southeast Asia, said: “In 2023, we welcomed over 692,000 Filipino visitors to Singapore, a strong 84% recovery to pre-COVID numbers. STB is excited to launch our ‘Made In Singapore’ campaign that showcases the range of extraordinary experiences found only in Singapore to our Filipino audiences. From architectural marvels, a world class food and retail scene, to off-the-beaten-path destinations, our lineup of activities aims to inspire Filipino travelers to book their flights to Singapore in search of one-of-a-kind adventures.”  

Everyday Moments Made Extraordinary 

The “Made in Singapore” 3D billboard highlights three familiar moments that turn into truly memorable experiences in Singapore. In The Lion City, gardens – simple spaces for cultivating nature – are elevated into immersive experiences that showcase the splendor of horticulture like nowhere else in the world. 

Gardens by the Bay is a destination for nature lovers where captivating sights are always in bloom. Flora and fauna from around the world come together with state-of-the-art design and engineering to present the plant kingdom as a wonder that anyone can enjoy. 

When people think of “performance art”, the usual images that come to mind are conceptual acts held in closed venues. Despite being found far from theaters and museums, Chili Crab – one of Singapore’s most famous food offerings – is prepared with the same focus and passion one would expect from a performance artist. 

Chefs in hawker stalls across the country regularly wow their audiences through the act of bringing the meal together. The delicate dance of preparing ingredients turns up in intensity as the invigorating aroma of chili and garlic fill the air. It culminates with servings of crab drenched in a sauce that’s equal parts sweet, spicy, tangy, and truly delicious.  

Singapore also has plenty to offer shoppers in search of serious retail therapy. Alongside flagship stores of some of the biggest brands in the world, many shophouses – a prevalent building type in Singapore’s architectural heritage, are scattered across the city alongside tall skyscrapers. To this day, Shophouses don’t only provide residence, and many local establishments still utilize these spaces to peddle clothing, accessories, and other wares that can’t be found anywhere. Shopping in Singapore has then been redefined through the typical window-shopping experience.    

Perspectives. Made in Singapore 

Beyond captivating landmarks and delicious food, Singapore is a space that nurtures creativity and inspires passion at its core. 

To present new perspectives to travelling in Singapore, STB has partnered with creative couple Ralph Mendoza and Sam Potenciano. On their YouTube channel “ Ralph and Sam ”, Ralph, a photographer and Sam, a vintage store owner, document their travels – showcasing unique epicurean and retail spots to be found in each destination they hit.

The opportunity to revisit carries sentimental value for Sam. Having previously lived in Singapore during her days as a student, coming back at a different stage in her life spells the possibility for new adventures in a place she used to call home.     

Connections. Made in Singapore 

From one creative to another, Singapore is likewise a place of inspiration for musicians. Known for his chart-topping hits Pano , Binibini , and Gusto , STB is also partnering with renowned Filipino singer-songwriter, Zack Tabudlo of Republic Records Philippines. 

As he travels solo, Zack explores Singapore, taking in all that the city has to offer to inspire his next big hit. Be sure to watch out for this collaboration as it will surely stir up excitement for Zack’s upcoming release.

Jam Sessions. Made in Singapore 

With new perspectives come new experiences for families. Musicians and hosts of the hit podcast “ Wake Up with Jim and Saab ”, Saab Magalona-Bacarro and Jim Bacarro will be working in partnership with STB. 

Having been with their band Cheats for over 10 years, Jim and Saab know that one of the best feelings as musicians is when the whole group is in sync and able to go with the flow of wherever their performances take them. Married since 2015 and parents to their sons Pancho and Vito, Jim and Saab will be bringing their own rhythm to Singapore, seeking out family-friendly and date-night worthy spots. 

Beyond content creator partnerships, STB will also be launching a User-Generated Content (UGC) Contest with exciting prizes up for grabs. 

Ong Fang Xun (Ms), Area Director for STB Philippines, said: “Singapore is constantly evolving to create new experiences to delight travellers. By partnering with Ralph, Sam, Zack, Jim, Saab, and other creators, we are excited to showcase a different side of Singapore to our Filipino audience. We invite Filipinos to delve deeper and discover unique experiences of their own in Singapore.”

Catch all these activities happening throughout 2024. For more information, visit https://www.facebook.com/VisitSingaporeOfficial/

Sofitel Philippine Plaza workers will get nearly P300 million in separation benefits–hotel owner

• Ma. Stella F. Arnaldo
• May 10, 2024

Sofitel closure to further hike room rates in 5-star hotels

• May 13, 2024

DIVINE AND SPIRITUAL | Experiencing the ashram life in India

• Charo Logarta
• June 1, 2024

PEACE AND TRANQUILITY | A sense of calm in Apuao Pequeña Island, Camarines Norte

• Marky Ramone Go

Cebu Pacific to launch Manila-Kaohsiung flights with Piso Sale

• May 30, 2024

• International Relations

Three pacts signed with Brunei during Marcos visit

• Samuel P. Medenilla
• May 29, 2024

New trolleys donated to Davao airport

• Manuel Cayon

PHL on ‘best performing regional markets’ list for arrivals–travel expert ForwardKeys

• May 28, 2024

MORE TO LOVE IN ILOILO | The City of Love shines spotlight on more tourist attractions to explore

• Maan D'Asis Pamaran
• May 25, 2024

Landco Pacific unveils Chairman’s Cabin, new hospitality attractions at CaSoBe

Adding lyf to Malate 

• Benjamin Locsin Layug

Taiwan’s ‘Panahon sa Taiwan’ Travel Fair captivates Manila audience

• May 24, 2024

Tieza allots ₱350 million for dive spots’ hyperbaric chambers

• May 23, 2024

TripAdvisor recognizes Palawan as a top trending destination in the world

• May 21, 2024

CELEBRATING A MILESTONE | Negros Oriental’s Provincial Capitol turns 100

• Edwin P. Sallan
• May 20, 2024

Make your Boracay moments more memorable at Astoria Current

WAVES AND WEAVES | Surfing is not the only thing that’s up in La Union

• George P. Ordoña
• May 18, 2024

Araw Hospitality Group treats IP women to pamper break at Nawa Wellness

Adieu, Sofitel Manila

• May 17, 2024

Embark on a Last-Minute Getaway Adventure at Belmont Hotel Boracay

ISLAND BORN OF FIRE | One weekend is all it takes to be smitten by Camiguin’s mystique

• Joseph Araneta Gamboa

Exploring the wonders of Puerto Princesa

• May 16, 2024

Input your search keywords and press Enter.

Singapore Airlines CEO Goh Choon Phong said a relief plane flew into Singapore early Wednesday with most of the passengers who were on a flight that was battered by severe turbulence over the Indian Ocean, leaving one dead and dozens injured.

The most seriously injured passengers from Tuesday’s turbulence-hit Singapore Airways flight remain in hospital in Bangkok. On Wednesday, officials from the UK embassy arrived at the Samitivej Srinakarin Hospital to visit the British nationals currently under going treatment. (AP Video/Jerry Harmer)

The Boeing 777-300ER aircraft of Singapore Airlines, is parked after the SQ321 London-Singapore flight, that encountered severe turbulence, at Suvarnabhumi International Airport, near Bangkok, Thailand, Wednesday, May 22, 2024. The Singapore Airlines flight descended 6,000 feet (around 1,800 meters) in about three minutes, the carrier said Tuesday. A British man died and authorities said dozens of passengers were injured, some severely. (AP Photo/Sakchai Lalit)

• Copy Link copied

Josh Silverstone, from Britain, who was injured during the flight of the Singapore Airlines Boeing 777-300ER, talks to reporters at Samitivej Srinakarin Hospital, in Bangkok, Thailand, Wednesday, May 22, 2024, The Singapore Airlines flight descended 6,000 feet (around 1,800 meters) in about three minutes, the carrier said Tuesday. A British man died and authorities said dozens of passengers were injured, some severely. (AP Photo/Sakchai Lalit)

The Boeing 777-300ER aircraft of Singapore Airlines, front, is parked after the SQ321 London-Singapore flight, that encountered severe turbulence, at Suvarnabhumi International Airport, near Bangkok, Thailand, Wednesday, May 22, 2024. The Singapore Airlines flight descended 6,000 feet (around 1,800 meters) in about three minutes, the carrier said Tuesday. A British man died and authorities said dozens of passengers were injured, some severely. (AP Photo/Sakchai Lalit)

A passenger, on wheelchair, arrives from Bangkok at a Singapore airport Wednesday, May 22, 2024. Singapore Airlines said a relief plane flew into Singapore early Wednesday morning with most of the passengers who were on a flight that was battered by severe turbulence over the Indian Ocean and had to make an emergency landing in Bangkok after one man died and dozens of people were injured. (AP Photo)

Staff members from the British Embassy arrive at Samitivej Srinakarin Hospital in Bangkok, Thailand, Wednesday, May 22, 2024, to visit passengers from Britain injured in the flight that hit severe turbulence over the Indian Ocean on Tuesday. The Singapore Airlines flight descended 6,000 feet (around 1,800 meters) in about three minutes, the carrier said Tuesday. A British man died and authorities said dozens of passengers were injured, some severely. (AP Photo/Sakchai Lalit)

A staff member, left, from British Embassy arrives at Samitivej Hospital in Bangkok, Thailand, Wednesday, May 22, 2024. A Singapore Airlines flight hit severe turbulence over the Indian Ocean and descended 6,000 feet (around 1,800 meters) in about three minutes, the carrier said Tuesday. A British man died and authorities said dozens of passengers were injured, some severely. (AP Photo/Sakchai Lalit)

A passenger, with backpack at right, arrives from Bangkok at a Singapore airport Wednesday, May 22, 2024. A Singapore Airlines flight from London’s Heathrow airport to Singapore was diverted and landed in stormy weather in Bangkok on Tuesday. (AP Photo)

A passenger, center, arrives from Bangkok at a Singapore airport Wednesday, May 22, 2024. A Singapore Airlines flight from London’s Heathrow airport to Singapore was diverted and landed in stormy weather in Bangkok on Tuesday. (AP Photo)

A staff member from British Embassy arrives at Samitivej Hospital in Bangkok, Thailand, Wednesday, May 22, 2024. A Singapore Airlines flight hit severe turbulence over the Indian Ocean and descended 6,000 feet (around 1,800 meters) in about three minutes, the carrier said Tuesday. A British man died and authorities said dozens of passengers were injured, some severely. (AP Photo/Sakchai Lalit)

Members of a rescue team discuss after a London-Singapore flight was diverted to Bangkok due to severe turbulence, in Bangkok, Thailand, Tuesday, May 21, 2024. The plane apparently plummeted for a number of minutes before it was diverted to Bangkok, where emergency crews rushed to help injured passengers amid stormy weather, Singapore Airlines said Tuesday. (AP Photo/Sakchai Lalit)

Family members wait for passengers arrival from Bangkok at a Singapore airport Wednesday, May 22, 2024. A Singapore Airlines flight from London’s Heathrow airport to Singapore was diverted and landed in stormy weather in Bangkok on Tuesday. (AP Photo)

A staff member, left, from the Malaysian Embassy arrives at Samitivej Srinakarin Hospital in Bangkok, Thailand, Wednesday, May 22, 2024, to visit passengers from Malaysia injured in a Singapore Airlines flight that hit severe turbulence over the Indian Ocean on Tuesday. The Singapore Airlines flight descended 6,000 feet (around 1,800 meters) in about three minutes, the carrier said Tuesday. A British man died and authorities said dozens of passengers were injured, some severely. (AP Photo/Sakchai Lalit)

BANGKOK (AP) — Passengers on the Singapore Airlines flight that descended sharply after hitting severe turbulence described the “sheer terror” of the aircraft shuddering, loose items flying and people wrenched so badly that 20 remained Wednesday in intensive care.

“I arrived back in the airport and I couldn’t stop vomiting. I couldn’t walk, it was pretty bad,” said Josh Silverstone, 24, who was discharged from a hospital with a cut in his eye and a chipped tooth. He said it could have been “way worse.”

The British man said he was so scared that he bought in-flight internet access to message his mother: “I wasn’t trying to scare her, but I said ‘I love you.’”

It was still not clear what exactly caused the turbulence that sent the Boeing 777 carrying 211 passengers and 18 crew members on a 6,000-foot (around 1,800-meter) descent in about three minutes on Tuesday. The flight from London to Singapore was diverted to Thailand. A British man died, possibly of a heart attack.

Aviation investigators arrived in Bangkok on Wednesday. Singapore Transport Minister Chee Hong Tat said the U.S. National Transportation Safety Board was sending technical advisors because the incident involved a Boeing plane.

Singapore Airlines said 131 passengers and 12 crew members from Flight SQ321 who were well enough to travel were picked up on a special flight and arrived early Wednesday at Singapore’s Changi Airport.

Six crew members and 79 passengers stayed in Bangkok, where the majority remained in the hospital, said Singapore Airlines CEO Goh Choon Phong.

AP AUDIO: Aviation experts to begin probe of Singapore Airlines turbulence incident that left British man dead

In an AP interview, travel and tourism expert Anita Mendiratta says it is clear this was a weather-related incident that was going to affect any airline going through it.

Samitivej Srinakarin Hospital, where most of the injured were taken, said the 20 people in intensive care include six Britons, six Malaysians, three Australians, two Singaporeans and one person each from Hong Kong, New Zealand, and the Philippines.

Passenger Beverley Mayers, who was not injured, described the situation inside the plane as “sheer terror.”

“The whole plane was shuddering ... great pieces were falling off and dropping on the floor, people getting hit in the head,” she told Australia’s TV Channel 9 on arrival at Sydney airport.

Thai officials withheld the name of the dead man, but British media identified him as Geoffrey Kitchen, 73, who was going on a six-week holiday with his wife. A Thai airport official said Kitchen might have had a heart attack, though that hadn’t been confirmed.

Newlyweds Ali and Ramiza Bukhari, who were flying back from their honeymoon, told reporters at Sydney Airport that they were relieved to be back home.

“It was a very, very traumatic experience,” Ali Bukhari said.

Most people associate turbulence with heavy storms, but the most dangerous type is so-called clear air turbulence. Wind shear can occur in wispy cirrus clouds or even in clear air near thunderstorms, as differences in temperature and pressure create powerful currents of fast-moving air.

The U.S.-based Association of Flight Attendants said clear air turbulence is virtually undetectable with current technology. “One second, you’re cruising smoothly; the next, passengers, crew and unsecured carts or other items are being thrown around the cabin,” it said.

“Always follow crew instructions and wear your seatbelt whenever seated. It is a matter of life and death,” it added.

Associated Press writer Eileen Ng in Kuala Lumpur, Malaysia, contributed to this report.

• Sustainability
• Latest News
• News Reports
• Documentaries & Shows
• TV Schedule
• CNA938 Live
• Radio Schedule
• Singapore Parliament
• Mental Health
• Interactives
• Entertainment
• Style & Beauty
• Experiences
• Remarkable Living
• Send us a news tip
• Events & Partnerships
• Business Blueprint
• Health Matters
• The Asian Traveller

Trending Topics

Follow our news, recent searches, singapore’s tourism sector gets s$300 million boost to develop new offerings, advertisement.

The capital injection will help Singapore’s tourism sector remain attractive amid intensifying competition, says Minister of State for Trade and Industry Alvin Tan.

Tour agencies have observed that tour bookings now tend to come from smaller groups and the duration of stays in Singapore has also become longer. (Photo: TODAY/lli Nadhirah Mansor)

This audio is AI-generated.

Tang See Kit

SINGAPORE: Singapore will pump in more than S$300 million (US$223 million) to help its tourism sector continue its post-pandemic recovery amid intensifying global competition, said Minister of State for Trade and Industry Alvin Tan on Friday (Mar 1).   Besides developing new products and experiences, the latest capital injection will also go to rejuvenating existing tourism offerings and upskilling workers, he told parliament during a debate on the ministry’s spending plans for the year.

Being one of the worst-hit industries during the COVID-19 pandemic, the tourism sector has received several rounds of funding to aid its recovery.   For example, close to half a billion dollars was set aside in 2022 to support “strategic manpower capabilities” in the sector and offset business costs, among others.   In 2021, the Tourism Development Fund – first set up in 2005 to grow tourism receipts, visitor arrivals and jobs – also got a S$68.5 million top-up to provide targeted support for the battered industry.   Mr Tan said the fund has introduced a number of new attractions and lifestyle events, such as sports and lifestyle attraction Trifecta in Somerset . More than 100 local tourism businesses also received assistance to become more productive and sustainable over the past two years.   “We encourage all our tourism companies to make full use of this top-up to grow your business,” he said.

Singapore's tourism sector saw a strong rebound in 2023, with international visitor arrivals recovering to 13.6 million . This was about 71 per cent of tourist arrivals in 2019, before international travel came to a halt in 2020 due to the COVID-19 pandemic.   Tourism receipts for the first three quarters of 2023 also reached 98 per cent of the same period in 2019.   The Singapore government expects this recovery to continue in 2024, with international visitor arrivals to reach between 15 and 16 million visitors while chalking up around S$26 billion to S$27.5 billion in tourism receipts.

The Big Read: Beyond IRs and new attractions, how can Singapore draw more tourists and make them stay longer?

Commentary: visa waiver deal puts singapore in good stead to attract the coveted chinese tourist.

The implementation of a mutual 30-day visa-free travel between China and Singapore brings “more good news”, said Mr Tan.   Under the agreement which started on Feb 9, Singaporeans and Chinese citizens holding ordinary passports can enter China or Singapore without a visa for no more than 30 days if they are travelling for business, sightseeing, visiting friends and family, or other private affairs.

Mr Tan said this has made it easier for Chinese visitors to travel to Singapore - a likely boost to arrivals and spending across tourism-related, retail and the food and beverage sectors. The longer visa exemption also makes it more convenient for Singaporeans to travel to China for leisure and business.

Beyond investments, the government is also working with the tourism sector to develop “a pipeline of high quality and first-of-its-kind experiences” that will be launched in the coming years.

These include expansions at the Resorts World Sentosa to develop a Minions-themed zone at Universal Studios Singapore and an oceanarium that is significantly larger than the existing SEA Aquarium.

Sentosa will also get a new attraction called the Sensoryscape. Connecting Resorts World Sentosa and Sentosa’s beaches, the pathway will feature “multi-sensorial gardens” with digital light art displays at night, said Mr Tan.   The 30,000 sqm pathway, first announced in 2019, is part of a master plan to transform Sentosa and nearby Pulau Brani into a game-changing leisure and tourism spot in the next two to three decades. The iconic Merlion statue on Sentosa island was closed that year to make way for the new development.

The Sensoryscape will be soft launched this month.   Altogether, these new experiences will help to strengthen Singapore’s appeal as a “compelling destination”, Mr Tan said.

Taylor Swift effect: Singapore hotels, airlines see up to 30% spike in regional demand for 6 sell-out shows

Related topics, also worth reading, this browser is no longer supported.

We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

To continue, upgrade to a supported browser or, for the finest experience, download the mobile app.

Upgraded but still having issues? Contact us

4 Singapore blue-chip stocks showing strong potential for profit growth

S INGAPORE: If you’re looking for Singapore blue-chip stocks with strong potential for profit growth, then these four companies are known for their stability and resilience.

They’re now offering promising opportunities for long-term returns, according to The Smart Investor.

1. City Developments Limited

City Developments Limited (CDL), a global property giant, reported a remarkable performance in the first quarter of 2024. Sales revenue surged to S$736.8 million, a substantial increase from the previous year’s S$213.2 million.

The successful launch of Lumina Grand and strong residential sales in China underscore CDL’s growth momentum.

With plans to launch two new residential projects, Union Square Residences with 366 units and Champions Way with 348 units, and invest S$50 million in asset enhancement initiatives, CDL is poised for significant profit growth in the coming quarters.

2. Genting Singapore

Genting Singapore, renowned for its integrated resort at Resorts World Sentosa (RWS), witnessed a remarkable revenue surge in the first quarter of 2024. Revenue soared to S$784.4 million, reflecting a strong tourism rebound in North Asia.

With strategic initiatives such as the Sentosa Precinct Partnership, in collaboration with Sentosa Development Corporation, DBS Bank, and Singapore Tourism Board, and upcoming attractions like Minion Land and the Singapore Oceanarium, Genting Singapore is positioned for substantial profit growth.

Singtel, Singapore’s largest telecommunication provider, reported resilient earnings for fiscal year 2024. Underlying net profit grew by 10% year-on-year to S$2.3 billion and a 52% year-on-year dividend hike to S$0.15.

Focusing on elevating core performance and scaling up growth engines, Singtel aims to deliver sustainable value for shareholders.

With strategic initiatives such as asset recycling and the introduction of ST28, the group aims to optimise its core business, scale its growth engines, and fund capital expenditure with external partners.

This long-term strategy is expected to drive profits and dividend growth to shareholders over time.

4. Singapore Technologies Engineering

Singapore Technologies Engineering (STE) delivered impressive results in 2023, with revenue reaching S$10.1 billion and operating profit rising to S$914.7 million.

The momentum continued into the first quarter of 2024, marked by a significant increase in revenue to S$2.7 billion.

With new contracts worth a staggering S$3 billion secured in the first quarter and an order book at S$27.7 billion, STE is poised for substantial profit growth.

Management believes that by focusing on cloud, artificial intelligence, and cybersecurity, its digital business can triple more than S$500 million by 2026. / TISG

Read also: 3 Singapore blue-chip stocks offering at least 6% dividend yields

Disclaimer: This article is for educational purposes only. It should not be considered Financial or Legal Advice. Investors should conduct their due diligence before making major financial decisions

Featured image by Depositphotos

The post 4 Singapore blue-chip stocks showing strong potential for profit growth appeared first on The Independent Singapore News - Latest Breaking News

• Today's news
• Reviews and deals
• Climate change
• 2024 election
• Fall allergies
• Health news
• Mental health
• Sexual health
• Family health
• So mini ways
• Unapologetically
• Buying guides

Entertainment

• How to Watch
• My watchlist
• Stock market
• Biden economy
• Personal finance
• Stocks: most active
• Stocks: gainers
• Stocks: losers
• Trending tickers
• World indices
• US Treasury bonds
• Top mutual funds
• Highest open interest
• Highest implied volatility
• Currency converter
• Basic materials
• Communication services
• Consumer cyclical
• Consumer defensive
• Financial services
• Industrials
• Real estate
• Mutual funds
• Credit cards
• Balance transfer cards
• Cash back cards
• Rewards cards
• Travel cards
• Online checking
• High-yield savings
• Money market
• Home equity loan
• Personal loans
• Student loans
• Options pit
• Fantasy football
• Pro Pick 'Em
• College Pick 'Em
• Fantasy baseball
• Fantasy hockey
• Fantasy basketball
• Download the app
• Daily fantasy
• Scores and schedules
• GameChannel
• World Baseball Classic
• Premier League
• CONCACAF League
• Champions League
• Motorsports
• Horse racing
• Newsletters

New on Yahoo

• Privacy Dashboard

Disney's new development deal with DeSantis could pave the way for a Disney World expansion of mythic proportions

• Oops! Something went wrong. Please try again later. More content below

The Central Florida Tourism Oversight District is set to vote on a development plan with Disney.

The plan would greenlight $17 billion in development at Walt Disney World over 10 to 20 years.

It could herald the arrival of the much-rumored fifth theme park in Florida.

Rumors that Walt Disney World may build a fifth theme park in Central Florida have persisted for years. Now, there's some good news for anyone hoping those rumors are true.

A potential development agreement between Central Florida's tourism board and The Walt Disney Company could usher in the expansion.

The Central Florida Tourism Oversight District is set to host a public hearing on Disney's development plan during a meeting next week before voting on June 15.

If approved, the agreement would be a major thaw in relations between Disney and the tourism board, which Gov. Ron DeSantis ' administration effectively commandeered from Disney last year. DeSantis appointed five people to the tourism board, but two have since left their positions.

As now written, the agreement would allow Disney to spend $17 billion to further develop Walt Disney World over the next 10 to 20 years, according to a statement from the tourism board.

"With Walt Disney World's substantial investments, we anticipate economic growth, job creation, and support for local businesses, alongside environmental stewardship and workforce housing initiatives, benefiting Central Florida's community," the district administrator, Stephanie Kopelousos, said in a statement to Business Insider.

The tourism board said the agreement would require Disney to find local contractors for any construction and award a minimum of 50% of all construction work to Florida businesses. It would also require Disney to fund "attainable" housing projects.

Disney officials haven't detailed how the billions would be spent, but an industry insider told the Orlando Sentinel that a fifth theme park could join its roster of existing properties.

Magic Kingdom opened to the public in 1971, followed by Epcot in 1982, Disney's Hollywood Studios in 1989, and Animal Kingdom in 1998.

Disney CEO Bob Iger skirted a question about a new Florida theme park during an earnings call in February, the Sentinel reported.

"We're already hard at work at basically determining where we're going to place our new investments and what they will be," Iger said. "You can pretty much conclude that they'll be all over, meaning every single one of our locations will be the beneficiary of increased investment."

Representatives for The Walt Disney Company and Walt Disney World didn't respond to a request for comment from Business Insider.

DeSantis vs. Disney

The pending development agreement between the tourism board and Disney follows a contentious legal battle that was initiated in 2022.

The battle began when Disney publicly opposed DeSantis' so-called "Don't Say Gay" bill . DeSantis lashed out at the entertainment conglomerate and attempted to upend a long-standing arrangement that allowed Disney to self-govern through its Reedy Creek Improvement District.

DeSantis gained control of the Reedy Creek Improvement District in February last year. His administration renamed it the Central Florida Tourism Oversight District, and DeSantis appointed its board supervisors, effectively removing Disney's autonomy over development in the area.

The former Reedy Creek Improvement District board members tried to push through a development deal before they were ousted. But after a series of court battles, Disney and the new tourism board finally reached a settlement in March.

That settlement nullified the last-minute deal that the former Reedy Creek board members pushed through. The settlement then suggested Disney and the new board work together on a new development deal.

Read the original article on Business Insider

Recommended Stories

Sonos ace headphones review: an impressive but incomplete debut.

The first Sonos headphones are sonically impressive and the soundbar sync feature is easy to use. However, the Ace is expensive and it will be a while before it’s at its full potential.

Spotify is raising the cost of Premium subscriptions, again

Spotify announces price hikes less than a year after its last ones.

Billionaire space tourist cancels lunar flight amid changing SpaceX priorities

Yusaku Maezawa, the Japanese billionaire who signed up for a lunar orbit flight aboard SpaceX's Starship back in 2018, has cancelled his trip.

GameStop stock soars 75% after 'Roaring Kitty' reveals $175 million bet on the retailer

GameStop stock surged as its biggest booster late Sunday appeared to reveal a new bold bet on the video game retailer.

UK neobank Monzo reports first full (pre-tax) profit, prepares for EU expansion with Dublin hub

Monzo has announced its 2024 financial results, revealing its first full-year pre-tax profit. The company also confirmed that it's in the early stages of expanding into the broader European market via a new base in Ireland.

Volkswagen GTI Clubsport is something old, new, borrowed, fast

The new Volkswagen GTI Clubsport is mostly the 2021 Clubsport, making the same 296 hp and 296 lb-ft. with chassis refinements and optional forged wheels.

Yahoo Sports AM: Oilers vs. Panthers

In today's edition: Stanley Cup Final preview, why Real Madrid won the weekend, Biles takes gold, Baker's Dozen, and more.

Spotify to increase premium pricing in the US to $11.99 per month

Spotify has announced it's hiking subscriptions for customers in the U.S., the second such price increase in the space of a year. The music-streaming giant reports that premium pricing will increase in July from $10.99 to $11.99, representing a rise of nearly 10%. The Duo and Family plans will go up to $16.99 and $19.99, which are $2 and $3 increases respectively, while the student plan will remain at $5.99 per month.

New jobs report report kicks off new month of trading: What to know this week

The June jobs report comes as the latest stock market rally took a breather to end May.

5 things to know from the weekend in MLB: With Juan Soto and Aaron Judge crushing at the plate, are the Yankees to be feared again?

The Yanks head home after a very successful nine-game California trip — they went 7-2 — for a series against (who else?) their all-time punching bag: the Minnesota Twins.

NHL playoffs: Oilers close out Stars to reach Stanley Cup Final, set up series with Panthers

The Oilers are headed to the Stanley Cup Final for the first time in nearly two decades.

Simone Biles wins record 9th all-around title at U.S. championships ahead of 2024 Paris Olympics

Simone Biles extended her record with another all-around title at the U.S. championships on Sunday night

Birmingham-Southern's season ends on UW-Whitewater walk-off homer at DIII College World Series

Birmingham-Southern College's baseball team is finally finished after an 11–10 loss to Wisconsin-Whitewater at the Division III College World Series.

White Sox's Tommy Pham says he's always prepared to 'f*** somebody up' after confrontation with Brewers' William Contreras

Chicago White Sox outfielder Tommy Pham told reporters he's always prepared to fight after an on-field confrontation with Milwaukee Brewers catcher William Contreras.

NASCAR: Austin Cindric wins at Gateway after Ryan Blaney's car slows on the final lap

Blaney appeared to run out of gas as he took the white flag.

The Keyper is a casual adventure game for Playdate that unexpectedly made me cry

The Keyper's charm lies in the strange interactions between you and the people who live in the Winchester 21 building, where you're tasked with being the new caretaker and must find all the keys.

French startup ten ten reinvents the walkie-talkie

Less than one year after its iOS launch, French startup ten ten has gone viral with a walkie-talkie app that allows teens to send voice messages to their close friends — even when their phone is locked. Whether you think that's a recipe for disaster or the coolest thing you've heard may depend on your age group, and teens clearly heard of that one long before we did; although walkie talkies are clearly not a new concept, even in app form. "We’re ephemeral by design," ten ten co-founder and CEO, Jule Comar said in a written interview with TechCrunch.

Coco Gauff calls out French Open, tennis organizers over late match schedules: 'It's not healthy'

Novak Djokovic's latest win at the French Open didn't finish until 3:07 a.m. local time in the latest example of a long-running match in the sport.

Hunter Biden's gun trial begins this week. Here's everything you need to know about the case.

The president's son pleaded not guilty to three charges related to a 2018 gun purchase.

Unicorn-rich VC Wesley Chan owes his success to a Craigslist job washing lab beakers

Wesley Chan is often seen in his signature buffalo hat; however, he may be even more well-known for his ability to spot unicorns. Over the course of his career in venture capital, he’s invested in over 20 unicorns, including AngelList, Dialpad, Ring, Rocket Lawyer and Sourcegraph. After working at Google in its early days as an engineer, he became an investor.

• Board Of Directors
• Organisation Chart
• Achieving Quality Tourism
• Legislation
• Corporate Governance
• Invest in Tourism
• ASEAN Economic Community

Media Releases

• Corporate Publications
• Newsletters
• Statistics & Market Insights Overview
• Tourism Statistics
• Industries Overview
• Arts & Entertainment
• Attractions
• Dining & Retail
• Integrated Resorts
• Meetings, Incentives, Conventions & Exhibitions
• Tourist Guides
• Travel Agents
• Assistance and Licensing Overview
• Tourism Sustainability Programme (TSP)
• Singapore Visitor Centre (SVC) Network Partnership
• Grants Overview
• Licensing Overview
• Tax Incentives Overview
• Other Assistance & Resources Overview
• SG Stories Content Fund Season 2
• Marketing Partnership Programme
• SingapoReimagine Marketing Programme
• Singapore On-screen Fund
• Hotel Licensing Regulations
• Data College
• Trade Events and Activities
• Trade Events Overview
• SingapoReimagine Global Conversations
• SingapoRediscovers Vouchers
• Made With Passion
• Joint Promotion Opportunities
• Procurement Opportunities for STB's Overseas Regional Offices
• Product And Industry Updates
• Rental of F1 Pit Building
• Singapore Tourism Accelerator
• Sponsorship Opportunities
• STB Marketing College
• Tourism Innovation Challenge
• Harnessing Technology to Emerge Stronger Post COVID-19
• Tourism Transformation Index (TXI)
• New Tourism Development in Jurong Lake District
• International Trade Events
• Singapore Familiarization Trips
• EVA-Ready Programme
• Tourism Industry Conference
• Expo 2025 Sponsorship and Partnership Opportunities
• Virtual Influencer Open Call for Collaboration
• Students & Fresh Graduates
• Professionals
• Attractions Operator
• Business/Leisure Event Organiser
• Media Professional
• Tourist Guide
• Travel Agent

This section contains media releases issued by the Singapore Tourism Board (STB).

To receive updates on media releases, please sign up  here .

About the Organisation

What industry does your organization fall within, what best describes the key intent of the project that your organisation is seeking funding for, is your organisation a singapore-registered legal entity, is your organisation an association, is the project able to achieve one or more of the following outcome.

• Increase no. of sailings to/from Singapore
• Increase no. of foreign cruise passengers to Singapore through sailings to/from Singapore
• Increase no. of pre/post nights for cruise passengers sailing to/from Singapore
• Increase capability of industry players via cruise-specific industry training programmes
• Strengthen the potential/ attractiveness of cruising in Singapore and/or Southeast Asia

Is the project able to achieve one or more of the following?

• Improve visitor satisfaction (especially foreign visitors)
• Increase footfall
• Increase revenue
• Significant branding and PR value

Is the project able to attract foreign visitors and contribute to foreign visitors' spend?

Who will be the main target audience of your project, is your project innovative and/or a new event in singapore with tourism potential, what best describes your project, does the event have proven track records in singapore or overseas, and/or growth in tourism value such as growing foreign visitorship, and/or enhancement of precinct vibrancy etc, does the project have a clear tourism focus (e.g. tourism-related trainings, tourism companies taking on capability development initiatives or technology companies creating technology products and services for the tourism businesses), what best describes your market feasibility study project.

Based on your selection, the following STB grant/s may be applicable for your project:

Please note that projects that have commenced prior to Singapore Tourism Board's offer may not be eligible for grant support. Examples where projects are deemed as having commenced include:

• Applicant has started work on the project e.g. tender has been called.
• Applicant has made payment(s) to any supplier, vendor or third party.
• Applicant has signed a contractual agreement with any supplier, vendor or third party.

• Buy Lexington Monopoly
• Current Issue
• Health Kentucky
• Advertise in The Lane Report
• Ad Dimensions
• Construction
• Economic Development
• Hospitality
• State Government
• National Government
• Manufacturing
• Real Estate
• Transportation
• Philanthropy
• Wealth Management
• Workforce Development
• Big Moves Submissions
• Executive Profile Submission
• Sponsored E Blast Submission
• Seeking Employment
• Submit Your Upcoming Event
• Lane Report
• General Questions
• Writer’s Guidelines
• Privacy Policy

• Google Plus

How much internet traffic is generated by bots?

By Florian Zandt, Statista

On May 29, the U.S. Justice Department announced the dismantling of the 911 S5 Botnet, allegedly one of the largest botnets worldwide, and the arrest of its administrator in a joint operation by the FBI and other law enforcement agencies in Singapore, Thailand and Germany. The botnet, consisting of malware-infected computers in 200 countries worldwide, was used to power a variety of criminal internet activities like fraud, harassment or child exploitation between 2014 and 2022.

The true prevalence of web traffic generated via bots far extends that of professional botnets like 911 S5. According to data from the annual Imperva Bad Bot Report, almost half of all traffic is related to bot activity, with one third of the overall global traffic being connected to malicious programs. These programs are used in a wide variety of situations. For example, scalpers use bots to buy up limited edition items like footwear or electronics, while other bad actors use programs for Distributed Denial of Service (DDoS) attacks, taking down specific websites by overloading their servers. Around 18% of bot traffic can be traced back to benign usage like search engine crawlers indexing the web.

Cybercrime is as dangerous for its victims as it is lucrative for its perpetrators. For example, according to a report by internet security firm Keeper, the average U.S. company experienced 42 cyberattacks in 2022, with 15% of the 516 IT decision-makers responding claiming their company has lost more than $500,000 in successful cyberattacks and 37% claiming that more than $100,000 were stolen.

You may also like

• 2023 tourism spending up $1.9 million in Christian County

• Small business trends that are shaping 2024

• Public Policy: Bluegrass Budget Blitz

Popular Stories

Uk opens engineering lab designed to advance u.s. manufacturing.

The Lane Report

• NonProfit Spotlight: A Loving Pillar of Support
• Brent Spence Bridge Corridor Project team recommends innovations to reconnect communities and improve safety
• Kentucky Realtors team up with the National Association Of Realtors for $200,000 in relief funding for Memorial Day storm victims
• Allegiant’s seasonal expansion features flights from Lexington to popular beach destinations
• Hydro Aluminum investing another $85 million to expand Henderson manufacturing operations
• Transylvania, Mitchell Fine Arts Center present 2024 Young Performers Showcase
• United States Playing Card Co. To Expand Boone County Operation, Creating 10 Full-Time Jobs

• Created with Pixso. MY ACCOUNT

I’m Sorry. I didn’t get that.

Hong kong tourism board, explore concerts in hong kong.

We use cookies to ensure that we give you the best experience on our website, to understand your interests and provide personalized content to you as further set out in our Cookie Policy here . If you accept the use of cookies on our website, please indicate your acceptance by clicking the "I accept" button. You may manage your cookies settings at any time.

Manage my cookies

Cookie Setting