The State of Tourism in Singapore

May 4, 2023News

Tourism has been an important contributor to Singapore’s economy for many years, with millions of visitors from all over the world flocking to the island city-state each year. In this article, we will explore the current state of tourism in Singapore, including its history, recent developments, and future prospects. We will also discuss some of the challenges facing the industry and how Singapore is addressing them.

History of Tourism in Singapore

Singapore’s tourism industry has come a long way since its early days in the 1960s, when the city-state was known primarily as a stopover destination for air travel. In the 1970s and 1980s, the government began to invest heavily in the industry, building world-class attractions like Sentosa Island and the Singapore Zoo. By the 1990s, Singapore had become a popular destination for business and leisure travelers alike, and the government continued to invest in infrastructure and tourism-related projects.

Current State of Tourism in Singapore

Today, tourism is one of Singapore’s most important industries, contributing billions of dollars to the economy each year. In 2019, the city-state welcomed a record 19.1 million visitors, with the majority coming from neighboring countries like Indonesia, China, and Malaysia. The tourism industry employs more than 65,000 people and is a major driver of growth in the service sector.

However, the COVID-19 pandemic has had a significant impact on Singapore’s tourism industry, with travel restrictions and border closures leading to a sharp decline in visitor arrivals. In 2020, the number of visitors to Singapore fell by more than 85% compared to the previous year. The government has responded with a range of measures to support the industry, including financial assistance for tourism businesses and efforts to promote domestic tourism.

Contact us today to learn how Accruplus Advisory can help your tourism business thrive in Singapore’s dynamic industry.

Recent Developments in Singapore’s Tourism Industry

Despite the challenges posed by the pandemic, Singapore has continued to invest in its tourism industry and develop new attractions and initiatives to attract visitors. In 2020, the government announced plans to develop a new tourism zone in the Jurong Lake District, featuring attractions like a new bird park and a rainforest park. The city-state has also launched a range of initiatives to promote sustainable tourism, including the “Green Sentosa” project and the “Singapore Green Plan 2030.”

Challenges Facing Singapore’s Tourism Industry

Like many countries around the world, Singapore’s tourism industry faces a range of challenges, both in the short term and the long term. In addition to the impact of the COVID-19 pandemic, the industry must also contend with rising competition from other destinations in the region, changing consumer preferences and behaviors, and the need to balance economic growth with environmental sustainability.

Future Prospects for Singapore’s Tourism Industry

Despite these challenges, the outlook for Singapore’s tourism industry remains positive in the long term. The city-state has a strong reputation for safety, cleanliness, and efficiency, and continues to invest in new attractions and infrastructure to attract visitors. The government has also set ambitious targets for the industry, including a goal of attracting 30 million visitors and generating $34 billion in tourism receipts by 2030.

One of the key regulatory bodies in Singapore’s manufacturing industry is the Singapore Economic Development Board (EDB), which is responsible for promoting and regulating manufacturing activities in the country. The EDB works closely with manufacturers to provide guidance and support on regulatory compliance and other issues related to setting up and operating a manufacturing facility in Singapore.

Other regulatory bodies involved in the manufacturing sector in Singapore include the National Environment Agency (NEA), which regulates environmental and pollution control issues, and the Health Sciences Authority (HSA), which oversees the safety and efficacy of pharmaceuticals and medical devices.


Tourism is a vital industry for Singapore, contributing to economic growth, job creation, and international recognition. Although the COVID-19 pandemic has had a significant impact on the industry, Singapore remains committed to investing in its tourism infrastructure and developing new initiatives to attract visitors. With its reputation for safety, cleanliness, and efficiency, Singapore is well-positioned to continue to be a leading destination for tourism in the years to come.

Contact us today to learn how Accruplus Advisory can help your tourism business thrive in Singapore’s dynamic industry.


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