Singapore’s Optimistic Tourism Forecast

• Singapore said it is expecting between 12 million and 14 million international visitor arrivals in 2023. That would be more than double the 6.3 million final tally of visitors in 2022.
• Sortis Holdings, Inc. is acquiring boutique hotel company Ace Group International and its management company, Atelier Ace.
• Yesterday we reported on the Wyndham Danang Golden Bay in Vietnam and today we cover the Wyndham Vuon Vua Thanh Thuy.

Singapore said it is expecting between 12 million and 14 million international visitor arrivals in 2023. That would be more than double the 6.3 million final tally of visitors in 2022 but below the 19.1 million that visited in 2019. The Singapore Tourism Board expects tourism receipts to reach S$18 billion to S$21 billion, up from […]