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Singapore Tourism Board Cuts 2026 Revenue Forecast to $310B-$325B SGD Amid Demand Weakness

GateNews

2026-05-11 13:49:34

According to Singapore Tourism Board (STB), the country’s 2026 tourism revenue is forecast at 310 billion to 325 billion Singapore dollars (approximately $240 billion to $256 billion USD), down from a record 328 billion SGD in 2025. STB director Melissa Ow stated at the country’s annual industry conference that while first-quarter inbound arrivals grew 3% year-over-year, tourism spending is expected to slow due to anticipated weaker demand in coming months. International visitor arrivals are projected to reach 17 million to 18 million in 2026, up from 16.9 million in 2025.

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