Singapore tourism fund gets S$740m boost after record 2025 receipts
Updated
Updated · CNA · May 8
Singapore tourism fund gets S$740m boost after record 2025 receipts
1 articles · Updated · CNA · May 8
Grace Fu said receipts rose to S$32.8 billion from S$29.8 billion in 2024, while visitor arrivals reached 16.9 million.
The five-year funding tops more than S$300 million added in 2024 and includes grants for business-event marketing and expansion into new markets.
Officials warned Middle East conflict and global uncertainty could soften demand; STB forecasts 2026 receipts of S$31 billion to S$32.5 billion and 17 million to 18 million visitors.
With new mega-projects and a stronger dollar, will a Singapore vacation soon be out of reach for many travelers?
Amid global headwinds, is Singapore's multi-billion dollar tourism investment a bold strategy or a high-stakes gamble?
As rivals like Taiwan rise, can Singapore's new cruise and MICE hubs secure its dominance in Asia?
Singapore Tourism Hits Record S$32.8 Billion Receipts and 16.9 Million Visitors in 2025
Overview
In 2025, Singapore's tourism sector achieved a record S$32.8 billion in receipts and welcomed 16.9 million visitors, driven by strong growth in the MICE sector and major events like the Singapore FinTech Festival and Formula 1 Grand Prix. Strategic marketing in key markets and new hospitality offerings further boosted performance, marking significant progress toward the Tourism 2040 goals. The government committed S$740 million to a Tourism Development Fund to support innovation, market expansion, and infrastructure upgrades. Looking ahead, transformative projects like the Straits View precinct and Greater Sentosa Master Plan aim to double visitor capacity, while a focus on quality tourism, sustainability, and technology adoption ensures resilient, high-value growth into 2026 and beyond.