Singapore flags weaker tourism spending as global travel industry faces uncertainty
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- The Singapore Tourism Board projected tourism receipts of 31 billion and 32.5 billion Singapore dollars ($24 billion to $25.6 billion) in 2026, compared with a record of 32.8 billion Singapore dollars last year.
- The city-state is a regional hub for business travel and airline stopovers and has hosted major events, including the Formula One Singapore Grand Prix and concerts by megastars Taylor Swift, Coldplay and Blackpink.
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Singapore, long viewed as a bellwether for the global economy, expects tourism spending to soften this year despite forecasting another increase in visitor arrivals, reflecting concerns that conflicts in the Middle East could weigh on consumer and business spending.
The Singapore Tourism Board projected tourism receipts of 31 billion and 32.5 billion Singapore dollars ($24 billion to $25.6 billion) in 2026, compared with a record of 32.8 billion Singapore dollars last year. International arrivals are forecast to rise to between 17 million and 18 million this year, from 16.9 million in 2025.