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S’pore hospitality to see ‘go time’ in 2026, STB forecasts increased visitor arrivals and tourist receipts: OCBC

Douglas Toh
Douglas Toh • 7 min read
S’pore hospitality to see ‘go time’ in 2026, STB forecasts increased visitor arrivals and tourist receipts: OCBC
Some 3.1 million Chinese tourists made up the city-state’s largest source market– the figure represents 85.5% of 2019 levels and marked a slight increase from 2024’s 85%. Photo: Samuel Issac Chua
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Singapore saw some 16.9 million tourist arrivals in 2025, a slight miss of the Singapore Tourism Board’s (STB) forecast of 17 million to 18.5 million.

On a y-o-y basis, OCBC Group Research’s Ada Lim notes that this marked a 2.3% increase, which is a recovery to 88.5% of pre-Covid levels.

Some 3.1 million Chinese tourists made up the city-state’s largest source market– the figure represents 85.5% of 2019 levels and marked a slight increase from 2024’s 85%. Tourists from Indonesia and Malaysia made up the rest of the podium with 2.4 and 1.3 million visitors, respectively.

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