CNA938 Rewind - More money, fewer tourists: Making sense of Singapore’s record tourism receipts
Singapore’s tourism receipts hit a record high in 2025 – even as visitor arrivals grew more slowly. Are tourists spending more, or are we seeing a shift towards higher-value travel? Andrea Heng and Hairianto Diman unpack what’s really driving the numbers, and what they mean for Singapore’s tourism strategy going forward with Dr Kevin Cheong, Lecturer (Business), University of Newcastle (Australia)
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15 min