Tourexpi
The
World Travel & Tourism Council (WTTC) today
reveals that Singapore is on track to smash its all-time international arrivals
record this year, outpacing other major Southeast Asian destinations such as
Thailand and the Philippines.
According
to the latest research, international arrivals are projected to reach almost
16MN in 2025 – 9.6% above pre-pandemic levels in 2019.
India
is fuelling a major tourism surge, with arrivals expected to jump from just
over 1.11MN in 2019 to 1.25MN in 2025 — the highest on record.
Despite
a slow rebound in outbound travel from China globally, record numbers of
Chinese visitors are set to head to Singapore this year, to reach almost 2.8MN,
setting the stage for further growth in 2026.
International
arrivals to Thailand are also set to break all records this year with a 5%
growth, whilst the Philippines will come within touching distance of its
previous high of 2019.
Malaysia
is expected to see international visitor numbers rise by almost 10% ahead of
2019 levels and is expected to break its previous high reached in 2016, by
almost 7% this year.
WTTC
President & CEO, Julia Simpson, said “Singapore is setting the pace for
global tourism growth, breaking records, and outpacing its regional rivals.
With soaring visitor numbers expected from India, and a return of Chinese
travellers, the city-state’s tourism engine is running at full throttle.
“This
is not just a comeback – it is a transformation. Singapore is leading in
innovation and sustainability, and its Travel & Tourism sector is on course
to be stronger than ever, driving jobs, growth, and economic prosperity for
years to come.”
A
Booming Economic Engine
In
2024, Travel & Tourism was projected to pump $66.1BN into Singapore’s
economy, accounting for 9.8% of GDP, and support a record 570,000 jobs.
By
the end of the decade, the sector is expected to contribute almost $80BN to the
economy, 19% above its previous high in 2019.
Travel
& Tourism is also forecast to support over 637,000 jobs, marking an
increase of over 90,000 more since 2019.
Singapore’s
SAF Leadership
Singapore’s
greenhouse gas emissions from Travel & Tourism dropped 4.1% per year
between 2019 and 2023, reducing the sector’s share from 23.5% to 18.4%.
However,
despite being home to the world’s largest SAF plant, low-carbon energy
currently powers just under 2.5% of the Travel & Tourism sector.
The
upcoming SAF mandate will require all departing flights to incorporate 1% SAF
from 2026. In contrast, other major tourism economies, such as the United
Kingdom and Japan, have set targets of 10% SAF adoption by 2030.
Boosting
the Regional Economy
In
2024, the Travel & Tourism sector was expected to generate nearly $379BN
USD for Southeast Asia’s economy, representing 9.7% of the region’s GDP and
supporting approximately 42.5MN jobs.
By
2030, the sector's economic contribution is projected to reach nearly $551BN
USD — 48% above 2019. Employment in Travel & Tourism is also forecast to
hit 51.5MN jobs, an increase of over 10MN since 2019.
Southeast
Asia’s Environmental Footprint
Southeast
Asia’s Travel & Tourism sector saw an annual decline of 7% per year between
2019 and 2023, reducing its contribution from over 10% to just under 7% of the
regional total.
Currently,
low-carbon energy accounts for just under 5.5% of the sector’s power supply.
WTTC
is urging the government to bring forward the mandate to this year and increase
the minimal usage target.
Image
Credit: © AA
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