By 2025, Singapore’s arrivals will surpass pre-Covid levels, with growth continuing through 2029, enhancing tourism demand and boosting investor confidence in the hospitality sector.
Key View: In 2025, we forecast that arrivals to Singapore will fully recover, rising above the 2019 pre-Covid level in line with a gradual rebound in arrivals between 2022 and 2024 and rallying departures levels, particularly across Asia-Pacific markets. We expect arrivals to move beyond recovery and into growth over the medium term (2025-2029). Stronger arrivals levels will drive demand for tourism accommodation, boosting investor confidence and driving hospitality sector growth.
Singapore’s hotel sector is poised for significant expansion in response to a projected increase in international arrivals over the medium term. As travel restrictions ease and global tourism rebounds, the city-state is witnessing a surge in visitors drawn by its vibrant cultural attractions, robust business environment, and world-class amenities. This increased demand for accommodation is prompting hotel operators to invest in new properties and upgrade existing facilities to enhance the guest experience.
In recent years, Singapore has strategically positioned itself as a key destination for both leisure and business travelers. Upcoming events, including international conferences and exhibitions, are expected to further drive visitor numbers. Consequently, the government is actively facilitating this growth by promoting tourism initiatives and infrastructural developments, ensuring seamless connectivity for travelers. The positive outlook for the tourism sector is reflected in the rising occupancy rates across hotels, leading to greater confidence among investors.
As the market evolves, hotel operators are also focusing on sustainable practices and innovative solutions to meet the expectations of modern travelers. The integration of technology and eco-friendly initiatives will play a crucial role in defining the future landscape of Singapore’s hospitality industry. With a robust pipeline of developments and an unwavering commitment to excellence, the hotel sector is set to thrive, significantly contributing to Singapore’s economy and enhancing its global standing as a premier travel destination.
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