Uncertainty clouds outlook for Singapore’s aviation and tourism

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Weakening demand - fueled by the end of revenge travel and the higher costs of visiting Singapore - are contributing to a softening outlook for aviation and tourism in Singapore. Read more at straitstimes.com.

The recovery of passenger traffic and visitor numbers has stalled in recent months – a concerning trend that could derail Singapore’s aspirations for a full recovery in 2024.Singapore’s tourism and aviation sectors enjoyed a rapid and faster-than-expected recovery in the first year after borders swung open on April 1, 2022.

The outlook in the first quarter of 2023 was particularly bullish following China’s earlier-than-expected reopening. The Singapore Tourism Board to pre-pandemic levels by 2024, with the Ministry of Transport releasing similar expectations for passenger traffic at Changi Airport in early March 2023.Easy access any time via ST app on 1 mobile deviceResend verification e-mail

 

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