Singapore Expects to Recover 80% of Pre-Covid Visitors

• Singapore’s Minister of State for Trade and Industry, and Culture, Community and Youth said Singapore’s visitor tally this year should be on the higher end of their 4 million to 6 million projection from July.
• According to September 2022 data from STR, Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter.
• JLL Hotels & Hospitality Group’s Hotel Investment Highlights Asia Pacific 2H22 said a combination of pent-up demand, a resurgence of cross-border transactions, and a buoyant travel industry will lift Asia Pacific hotel investment to over US$10.7 billion in 2022.

Singapore’s Minister of State for Trade and Industry, and Culture, Community and Youth said Singapore’s visitor tally this year should be on the higher end of their 4 million to 6 million projection from July. They also expect their tourism receipts for 2022 to be between S$10 billion and S$20 billion. The figures are about 40% of […]