Singapore Tourism Receipts Reach S$23.9 Billion in First Nine Months of 2025
Singapore’s tourism sector recorded steady growth in 2025, with tourism receipts reaching S$23.9 billion between January and September, representing a 6.5% increase compared to the same period in 2024, according to data released by the Singapore Tourism Board (STB). This marks the highest tourism receipts recorded for the first three quarters of a year.
Commenting on the performance, Melissa Ow, Chief Executive of the Singapore Tourism Board, said the results place Singapore on track towards its Tourism 2040 objectives, supported by continued investment in differentiated products, events, and visitor experiences aimed at strengthening destination appeal and Singapore’s role as a global hub.
Visitor Arrivals and Source Markets
International visitor arrivals reached 16.9 million in the first three quarters of 2025, a 2.3% increase year-on-year. The top five source markets were Mainland China (3.1 million), Indonesia (2.4 million), Malaysia (1.3 million), Australia (1.3 million), and India (1.2 million).
While some markets such as Vietnam and the Philippines recorded year-on-year declines, overall visitor arrivals remained stable. Growth was observed from markets including Japan, Malaysia, Germany, and the United States, reflecting a balanced mix of short-, mid-, and long-haul travel.
Tourism Receipts Performance
Tourism receipts growth was primarily driven by Sightseeing, Entertainment & Gaming and Food & Beverage, both of which recorded 15% growth. Mainland China, Indonesia, and Australia were the top tourism receipt-generating markets, contributing S$3.68 billion, S$2.09 billion, and S$1.54 billion respectively. Spending growth from Mainland China was supported mainly by Food & Beverage consumption.
Based on current performance, full-year tourism receipts are on track to exceed STB’s 2025 projection range of S$29.0 billion to S$30.5 billion.
Hospitality and Cruise Sector Performance
Singapore’s hotel industry maintained stable performance during the period. Average Occupancy Rate increased slightly to 81.9%, while Average Room Rate stood at S$273.56 and Revenue per Available Room at S$224.04. Hotel supply expanded with the addition of 644 new rooms.
The cruise sector also recorded growth, with 375 ship calls and more than 2.0 million passenger movements, reinforcing Singapore’s position as a regional cruise hub.
New and Refreshed Experiences
Visitor spending was supported by new and refreshed offerings across attractions, events, cruise, lifestyle, and business travel segments. Key developments included new attractions at Mandai Wildlife Reserve and Resorts World Sentosa, refreshed heritage and family attractions, expanded cruise homeporting activity, and a full calendar of arts, sports, and entertainment events.
The Meetings, Incentives, Conventions and Exhibitions (MICE) sector continued to contribute to visitor demand, supported by international conferences, incentive travel groups, and major exhibitions. Singapore maintained strong global and regional rankings as a business events destination.
Overall, tourism performance in the first nine months of 2025 reflects continued recovery and diversification across markets and segments, supported by new experiences, infrastructure growth, and sustained international demand.
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