SINGAPORE – To travel is to spend money and, on both counts, Singaporeans have demonstrated their utmost enthusiasm.
Key trends from the report include a growing demand for slow travel and wellness-related experiences, as well as day trips – across the border to Malaysia and in holiday destinations farther abroad – among local travellers. Supporting this, an analysis by Merchant Machine – a British website on payment processing options – of UN World Tourism Organisation data from 2022 found that the average Singaporean traveller shells out US$2,966 on an overseas trip – the third highest in the world.
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