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Singapore visitor arrivals were up 115 per cent to 13.6 million in 2023, and the tourism board expects the recovery to continue in 2024, partly due to the implementation of 30-day visa-free travel with China.
Singapore's tourism sector recovered strongly in 2023, with 13.6 million visitors, including 1.1 million from India. The recovery was driven by demand from key markets like Indonesia, China, and Malaysia. Singapore's tourism receipts are expected to exceed forecasts, reaching 24.5-26 billion Singaporean dollars. Visitors spent more time in Singapore, with an average length of stay of 3.8 days. In 2024, the recovery is expected to continue with increased flight capacity and the implementation of the mutual 30-day visa-free travel agreement between China and Singapore. The hotel industry also pe...
Singapore’s tourism sector recovered strongly and demonstrated resilience with a solid performance for 2023.
Investors looking ahead into 2024 will find real estate investment trusts (REITs) to be an attractive sector of the stock market to own. After two years of inflation and Federal Reserve interest rate hikes, the tide seems to have turned. The Fed has paused rate hikes for three consecutive meetings and is telling Wall Street to expect three rate cuts in 2024. Some on Wall Street are surmising there actually could be more than three cuts this year, yet REITs have rallied hard recently, taking the
Dublin, Jan. 04, 2024 (GLOBE NEWSWIRE) -- The