Nonetheless, analysts like Wong are keeping an eye on upcoming developments from an industry that is actively keeping its offerings updated and fresh.
By most measures, 2024 was a good year for Singapore’s tourism industry. Visa-free travel arrangement with China helped drive up numbers. Taylor Swift’s sellout concerts were a draw too. However, this high base makes it tough for the industry to repeat similar growth this coming 2025, says DBS Group Research’s Geraldine Wong.
“We believe that going into 2025, Singapore hotels are near the tail end of pandemic recovery with more modest RevPAR outlook in 2025 at 2%–3% on our expectations,” she adds.
