Hospitality & Tourism
The tourism sector currently contributes 4 per cent to Singapore’s gross domestic product and supports some 160,000 jobs.
From 2005 to 2014, our visitor arrivals and tourism revenue grew by 70% (8.9 mil to 15.1 mil visitor arrivals) and 117% (S$10.9 billion to S$23.6 billion tourism receipts) respectively, despite the challenge of the global financial crisis in 2008. In 2016, the tourism sector performed well and emerged as one of the bright spots in our economy as we welcomed a record 16.4 million international visitor arrivals, a 7.7% increase from 2015. Tourism Spending also grew by 13.9% to reach S$24.8 billion, despite challenges due to weakness in our source markets as well as the Zika outbreak which affected travel sentiments in Japan and South Korea.
It is an indication of what can be achieved through the collective effort and commitment – of the tourism industry, workforce, and government with intensified marketing initiatives, as well as the strong support of our in-market and local travel trade stakeholders.
- Bukit Timah Nature Reserve has more species of trees than the whole of North America.
- The world’s tallest indoor waterfall (35 meters) can be found at the Cloud Forest, Gardens by the Bay and is the centrepiece of the misty conservatory, designed to house plant life from the tropical highlands.
- The Sands SkyPark is an architectural masterpiece sitting on top of the 3 hotel towers at Marina Bay Sands. This 1.2 hectare tropical oasis is longer than Eiffel Tower and large enough to park 4.5 A380 jumbo sets.
- M Social Singapore was designed by a French visionary design genius, Phillippe Starck who is known for his interior, product, industrial and architectural design including furniture.