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2024 OUTLOOK

STB mentioned it expects the tourism sector’s restoration to proceed in 2024, pushed by improved international flight connectivity and capability in addition to the implementation of the mutual 30-day visa-free journey between China and Singapore.

Singapore and China had agreed to a 30-day mutual visa-free entry for his or her residents final week.

Underneath the settlement, Singaporeans and Chinese language residents holding atypical passports can enter China or Singapore with no visa for not more than 30 days if they’re travelling for enterprise, sightseeing, visiting family and friends, or different personal affairs. 

The association will formally begin on Feb 9, the eve of Chinese language New 12 months.

“In 2024, worldwide flight capability is predicted to proceed to extend, with capability at or approaching pre-pandemic ranges for almost all of our key supply markets,” STB mentioned.

Worldwide customer arrivals are anticipated to succeed in round 15 to 16 million in 2024, bringing in roughly S$26.0 billion to S$27.5 billion in tourism receipts.

Geopolitical uncertainty, the state of the worldwide economic system and different components such because the continued restoration of flight connectivity can have bearing on the tempo of journey restoration, STB added.

“To maintain our development in 2024 and past, STB will give attention to reaching high quality tourism, cultivating strategic partnerships, investing in new and refreshed merchandise and experiences, and supporting stakeholders in constructing capabilities,” mentioned STB chief government Melissa Ow.

KEY INDUSTRY PERFORMANCES

Within the Conferences, Incentives, Conventions and Exhibitions (MICE) sector, STB mentioned it secured a number of vital enterprise occasions that befell in Singapore for the primary time final 12 months.

These embody the twenty fifth World Congress of Dermatology 2023, Million Greenback Spherical Desk (MDRT) International Convention 2023, and the Worldwide Trademark Affiliation (INTA) 2023 Annual Assembly Reside+.

For leisure occasions, STB in 2023 hosted the debut of ART SG, Southeast Asia’s largest artwork honest, along with the Singapore Artwork Week.

For motels, the common room charge and income per accessible room exceeded 2019 ranges. Common room charge reached S$282, which is about 128 per cent of the speed in 2019, whereas income per accessible room reached S$226, which is about 118 per cent of the determine in 2019.

Common Occupancy Charge was 80.1 per cent in 2023, in comparison with 86.9 per cent in the identical interval in 2019.

The resort business’s efficiency in 2023 was pushed by stronger demand for leisure and enterprise journey, STB mentioned.

For cruises, Singapore reached a document 2 million passenger throughput obtained from greater than 340 ship calls for the reason that opening of the Marina Bay Cruise Centre Singapore.

STB had additionally introduced in 2023 its partnership with Disney Cruise Line to make Singapore the unique dwelling port for its new Disney Cruise Line vessel for not less than 5 years from 2025.

STB additionally launched new sights and enhanced experiences in 2023 together with Go-Kart at Sentosa, Fowl Paradise, and the world’s first surf-snow-skate attraction TRIFECTA.

We replace repeatedly Singapore Newest Breaking News right here. We replace 2024-02-02 00:48:10 this information story from official web site – www.channelnewsasia.com.”

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