The tourism board expects S$31 billion-S$32.5 billion in spending and 17 million-18 million arrivals, after first-quarter visitor numbers rose 3% year on year.
Officials said Middle East conflict, higher fuel costs and softer business and consumer demand could hurt travel spending, even as meetings, conferences and cruise tourism remain comparatively resilient.
The government pledged S$740 million more for tourism development, while pursuing Tourism 2040 goals and expanding cruise capacity with Disney Adventure and a new terminal opening in July.
As more tourists arrive but spend less, is Singapore's high-value tourism model facing its biggest test?
With Middle East aviation in crisis, can Singapore capture the lucrative travel market from its rivals?