Feb 08, 2024 Newsdesk Latest News, Singapore, Top of the deck  
Singapore received 1.44 million visitors in January, a rise of 54.2 percent year-on-year and up 16.1 percent sequentially, according to the latest data from Singapore Tourism Board.
Of the January visitor tally, 1.07 million were overnight visitors, a number that increased by 43.6 percent year-on-year and 26 percent sequentially. The average length of stay however went down 20.1 percent year-on-year, to 3.45 days.
Indonesia remained the top source market for Singapore’s visitors, showed the monthly data. Indonesia supplied 268,970 visitors in January, with mainland China second, at 211,190 visitors to the city-state.
Of all source markets, mainland China was in January the one with the biggest year-on-year growth, at 644.2 percent.
Australia was in January the city-state’s third largest source market, supplying 124,140 visitors.
Of the top-three source markets, those visitors from mainland China stayed the longest in Singapore, with an average of 3.73 days in January.
Singapore is home to a casino resort duopoly: Resorts World Sentosa, operated by a unit of Genting Singapore Ltd; and Marina Bay Sands, run by a unit of Las Vegas Sands Corp.
The city-state received just above 13.61 million visitors for full-year 2023, up 115.8 percent year-on-year, according to the tourism authority’s data.
Singapore’s international visitor arrivals could reach around “15 million to 16 million” in 2024, bringing in approximately “SGD26.0 billion [US$19.4 billion] to SGD27.5 billion” in tourism receipts, according to a Singapore Tourism Board release on February 1, mentioning the outlook for the current calendar year.
The tourism body explained its forecast: “STB expects the tourism sector’s recovery to continue in 2024, driven by improved global flight connectivity and capacity as well as the implementation of the mutual 30-day visa-free travel between China and Singapore.”
It added: “In 2024, international flight capacity is expected to continue to increase, with capacity at or approaching pre-[Covid-19]pandemic levels for the majority of our key source markets.”
May 10, 2024
May 10, 2024
May 10, 2024
May 10, 2024
May 10, 2024
First quarter net profit after tax rose quarter-on-quarter and year-on-year at casino operator Genting Singapore Ltd. Such first-quarter profit was SGD247.4 million (US$182.8 million), a sequential...(Click here for more)
”We are encouraged by the ramp [at Mohegan Inspire], and it is occurring both in the casino and non-gaming segments of the business”
Joe Hasson
Chief operating officer at Mohegan Gaming