Singapore Expects to Recover 80% of Pre-Covid Visitors
Skift Take
- 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 pre-pandemic numbers in 2019. By the end of the year, Singapore expects flights in Changi Airport to recover to about 80% of 2019, impressive considering the absence of the Chinese.
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. In Europe, Germany (38,676) and the U.K. (29,471) lead Europe in total rooms in construction. Among the countries in Asia-Pacific, China has the most rooms in construction (311,859), followed distantly by Vietnam (28,692). Most of the Middle East & Afirca's pipeline
