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Hotel Investment Sales Singapore List2021-03-16T05:28:13+00:00

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Singapore Hospitality Industry and Tourism Report 2021

Tourism Arrivals & Receipts Remain Weak this Year

Tourist Arrivals Down to 2 Million in 2020, Far Cry from the Previous Record of 19 Million in 2019

Tourist Arrivals Down to 2 Million in 2020, Far Cry from the Previous Record of 19 Million in 2019

Without Tourists, Hotels Offer Staycation for Locals as One of the Solutions

Without Tourists, Hotels Offer Staycation for Locals as One of the Solutions

Singapore Has Done Well in Managing the Covid-19 Crisis So Far. The Republic Has the Lowest Coronavirus Case Fatality Count (28) Globally

Singapore Has Done Well in Managing the Covid-19 Crisis So Far. The Republic Has the Lowest Coronavirus Case Fatality Count (28) Globally

The Singapore Tourism Board (STB) in a recent announcement stated that tourism arrivals and receipts aren’t likely to make a strong turnaround in 2021.

Hit by the pandemic, 2020 had been the toughest year for Singapore’s tourism in decades but even the development and distribution of a vaccine isn’t likely to change things too quickly, the official statement said.

They added that mass leisure travel would take time to pick up.

According to the statement, the travel restrictions enforced due to the pandemic caused unprecedented fall in tourist arrivals plummeting 85.7% in comparison to the previous year.

Only 2.7 million arrivals were recorded and majority of those were in the first two months of the year before the global crisis set in.

In the first three quarters of 2020 there was 78.4% decline of tourism receipts that fell to a low of S$4.4 billion. The figures for the entire year weren’t available.

Singapore Tourism Will Recover 

Singapore Tourism Will Recover, Expected in 2022 or 2023

Singapore is Still Tourist’s One of the Top Destinations in Asia. 

Keith Tan, Chief Executive of STB said that there will be turnaround in the near future citing Singapore’s strong reputation of being one of the most attractive business and leisure destination and safety it offers to the travellers.

He is banking on the long-term prospects of a bounce back for Singapore’s tourism.

In a recent interaction, he stated that though STB doesn’t foresee mass international travel in 2021, the Tourism Board would stand together with all the industry partners and prepare a roadmap for such recovery and sustainable tourism for the future.

In its announcement, the STB promised support for tourism businesses to help them build capabilities and sustain through this crisis.

The consumer needs are evolving and the Board would prepare all the stakeholders for emerging travel trends to reap the early harvest when travel restrictions are lifted in the coming months.

They are also supporting local jobs and shall look to create more opportunities by encouraging domestic travel.

The SingapoRediscovers campaign that was rolled out in July last year has to boost domestic demand.

By the end of last year this campaign had seen 1,145 promotions by 213 merchants. Under the campaign S$320 million worth of vouchers were offered to domestic travellers and approximately 300,000 Singaporeans have used them to for hotel and travel bookings.

As of January 1, 2021 S$35.9 million in voucher redemptions have been recorded along with and out-of-pocket payments.

Cruise Resume Operations. So Far, No Covid-19 Incidents Reported

Cruise Resume Operations. So Far, No Covid-19 Incidents Reported

Resuming The Operations

In the recent overview of the tourism activities presented by the STB, it announced that by Jan 25 as many as 1,686 tour itineraries, 45 attractions and 270 hotels have been granted approvals for resuming the operations.

Since the month of November last year, piloted cruises have been allowed with increased safety protocols with no ports of call.

33 cruises have carried more than 42,000 passengers by December 31 and there have been no reported incidents Covid-19 transmissions.

On October 1 last year applications were opened for MICE (meetings, incentives, conferences and exhibitions) events on a pilot mode and by the year end 29 MICE events were organized successfully with an entry restriction of 250 attendees.

STB has also issued 1,390 SG plus Clean Quality Mark certificates by January 25 to boost activities in tourism-related locations.

Managing the Covid-19 Crisis

Singapore Tourism Board also highlighted the industry’s efforts in managing the Covid-19 crisis.

It stated that more than 70 hotels were converted into dedicated SHN (stay-home notice) facilities around all the major points at the outbreak of the pandemic in March.

By the end of the year these facilities had house more than 80,000 people and 2,300 hotel workers.

Apart from this close to 2,000 staff at the Resorts World Sentosa offered their services at the community care facilities and Marina Bay Sands distributed more than 15,000 kg of food with The Food Bank charity. Marina Bay also contributed 15,000 care kits for low income families and migrant workers worst hit by the pandemic.

Managing the Covid-19 Crisis

Singapore Government Has Lend Huge Support to the Tourism Sectors.

8,200 migrant workers were provided accommodation onboard cruise ships post their recovery from Covid-19.

More than 150 tourist guides offered their voluntary services as Safe Distancing Ambassadors. It is estimated that this number would go up to 250 when more events kick-start as more people venture out of their homes.

There are various schemes that have been announced by the government to boost tourism and so far, $20 million has been distributed among 260 tourism businesses under the Marketing Partnership Programme launched in April, 2020.

Apart from this Singapore Stories Content Fund has also funded 20 projects. Apart from this Jobs Support Scheme has benefited over 7,000 tourism businesses.

57 grant applications were also approved for third-party professionals for cleaning related activities in tourism related businesses.

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