The number of tourists visiting Singapore is expected to grow by at least 2.8 per cent this year. According to Singapore’s second minister for trade and industry S. Iswaran visitor arrivals are estimated to hit 14.8 million in 2013 up from 14.4 million last year.
The latest figures predict that visitor arrivals will reach somewhere between 14.8 million to 15.5 million, and tourism is expected to generate SGD $24.5 billion this year. However, the minister has said that Singapore needs to introduce more events and attractions to tackle the issue of slow growth in visitors and attract more people to the city-state.
Speaking in parliament today Mr Iswaran said that what Singapore needs in the tourism sector is “strong content, especially in business and leisure events.” The minister also added that “large-scale lifestyle events”, such as the visual arts festival Artstage Singapore, have been received well by critics and more events like Artstage should be planned to help improve tourism figures.
"Domestically, our land and manpower constraints mean we need to find new ways to do more with less. The next phase of tourism growth would thus have to come from increasing the yield through visitor spend, rather than just visitor numbers, “ said Mr Iswaran. “This transformation and change is timely because externally, the expected rise in Asian tourism over the coming years presents a window for us to attract discerning travellers who seek out differentiated and value-added experiences."
Though the projections show growth in tourism they also mark significantly slower growth rates than the previous five year years. The minister has acknowledged that this years projections are a lot smaller than last years bu has said that “Singapore cannot continue to grow at the rates seen in recent years.”