Singapore Tourism Industry Outlook 2024 - 2028

Key Market Indicators

Singapore is poised to see a notable increase in tourist arrivals over the next few years. By 2028, the city-state is expected to attract approximately 24 million tourists, up from 21 million in 2023. This represents an average annual growth rate of 2.1%. Since the turn of the millennium, demand for travel to Singapore has been steadily climbing, with an average yearly increase of 2.6%. In tandem with the rise in tourist numbers, Singapore's tourism receipts are also set for significant growth. Projections indicate that tourism revenues will reach around $32 billion by 2028, rising from $29 billion in 2023. This translates to an average annual growth rate of 1.8%. Over the past two decades, the market has seen a consistent annual increase of 2.5%.

Singapore Tourism Market Data and Forecasts

Other Top Countries about Tourism

• France
• Germany
• Italy
• United States
• Japan
• Canada
• United Kingdom
• China
• Spain
• Brazil