With Singapore’s meetings, incentives, conventions and exhibitions (MICE) industry expected to post a strong recovery, thanks to the city’s reopening to fully-vaccinated visitors with no quarantine and testing requirements, DBS is keeping optimistic on this sector and believes that this will support the country’s reopening.
On June 1, the Singapore Tourism Board (STB) announced that it intends to ride on the growth momentum by launching an enhanced incentive programme for international MICE groups, and with a strong pipeline of events in 2022 and beyond, a full recovery for the MICE industry is expected in two to three years. The MICE industry typically contributes about 15% of international travel.
