Singapore’s tourism sector gets S$300 million boost to develop new offerings

Tour agencies have observed that tour bookings now tend to come from smaller groups and the duration of stays in Singapore has also become longer. SINGAPORE: Singapore will pump in more than S$300 million to help its tourism sector continue its post-pandemic recovery amid intensifying global competition, said Minister of State for Trade and Industry Alvin Tan on Friday .

“We encourage all our tourism companies to make full use of this top-up to grow your business,” he said.. This was about 71 per cent of tourist arrivals in 2019, before international travel came to a halt in 2020 due to the COVID-19 pandemic. The Big Read: Beyond IRs and new attractions, how can Singapore draw more tourists and make them stay longer?Under the agreement which started on Feb 9, Singaporeans and Chinese citizens holding ordinary passports can enter China or Singapore without a visa for no more than 30 days if they are travelling for business, sightseeing, visiting friends and family, or other private affairs.

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Singapore's Tourism Industry to Receive $300 Million BoostSingapore’s tourism industry will receive a $300 million boost as part of a plan to grow the local economy and reinforce its global business hub status. The injection to the country’s tourism development fund, announced by Minister of State for Trade and Industry Alvin Tan in Parliament on March 1, will help to develop and market new products and experiences and support local businesses in developing new intellectual properties. It will also go towards rejuvenating existing tourism offerings, upskilling tourism workers and helping local tourism companies become more productive and innovative, he added.
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