Tourism spending in Singapore set to hit all-time high for 2024; bullish outlook for 2025, says Tourism Board

Tourism receipts for the 2024 full year are likely to reach the upper bound of the Singapore Tourism Board’s forecast of S$27.5 to S$29 billion. - ST PHOTO: AZMI ATHNI

SINGAPORE (The Straits Times/ANN): Tourism spending in Singapore in 2024 is on track to hit an all-time high, surpassing the pre-pandemic high of S$27.7 billion in 2019, said the Singapore Tourism Board (STB) on Feb 4.

Tourism receipts for the full year are likely to reach the upper bound of the statutory board’s forecast of $27.5 billion to $29 billion, having already hit $22.4 billion between January and September 2024. This is up 10 per cent from the same period in 2023, said STB in its year-in-review report.