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What is Singapore Tourism doing to emerge after COVID-19?
February 2, 2021
Due to unprecedented global travel restrictions and border closures, Singapore Tourism saw a decline in both visitor arrivals and tourism receipts in 2020. Visitor arrivals (VA) fell by 85.7 percent in 2020 to reach 2.7 million visitors (nearly all from the first 2 months of 2020). Tourism receipts (TR) declined by 78.4 percent to S$4.4 billion in the first 3 quarters of 2020.
Despite enduring its toughest year on record, Singapore’s tourism sector has taken strides to reimagine its offerings and experiences, while supporting nationwide efforts to tackle the COVID-19 pandemic. Tourism-related companies have benefited from various government support measures to transform their products and offerings while building new capabilities to position themselves for future growth opportunities.