According to the Singapore Tourism Board (STB), visitor arrivals are expected to reach four million to six million in 2022.
The research team at OCBC Investment Research has seen a strong rebound in demand for the hospitality sector, with leisure travel remaining the major driver of room demand in the 7M2022.
In its report dated Sept 9, the team points out that Singapore saw total visitor arrivals of 2.2 million for the 7M2022, coming to around 20% of its pre-Covid-19 levels.
