Singapore Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Singaporean travel & tourism industry had total revenues of $10.7 billion in 2022, representing a negative compound annual growth rate (CAGR) of 17.6% between 2017 and 2022.
- The passenger airlines segment accounted for the industry's largest proportion in 2022, with total revenues of $4 billion, equivalent to 37.4% of the industry's overall value.
- The growth of the industry is also attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to GlobalData, the proportion of travel and tourism in the GDP of Singapore increased to 2.1% in 2022 from 0.07% in the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Singapore
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore travel & tourism market with five year forecasts
- What was the size of the Singapore travel & tourism market by value in 2022?
- What will be the size of the Singapore travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Singapore travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 8 Company Profiles
- 8.1. CWT Pte Ltd
- 8.2. Singapore Airlines Ltd
- 8.3. Marina Bay Sands Pte Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Singapore travel & tourism industry value: $ million, 2017–22
- Table 2: Singapore travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: Singapore travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: Singapore travel & tourism industry geography segmentation: $ million, 2022
- Table 5: Singapore travel & tourism industry value forecast: $ million, 2022–27
- Table 6: CWT Pte Ltd: key facts
- Table 7: CWT Pte Ltd: Key Employees
- Table 8: Singapore Airlines Ltd: key facts
- Table 9: Singapore Airlines Ltd: Annual Financial Ratios
- Table 10: Singapore Airlines Ltd: Key Employees
- Table 11: Singapore Airlines Ltd: Key Employees Continued
- Table 12: Marina Bay Sands Pte Ltd: key facts
- Table 13: Marina Bay Sands Pte Ltd: Key Employees
- Table 14: Singapore size of population (million), 2018–22
- Table 15: Singapore gdp (constant 2005 prices, $ billion), 2018–22
- Table 16: Singapore gdp (current prices, $ billion), 2018–22
- Table 17: Singapore inflation, 2018–22
- Table 18: Singapore consumer price index (absolute), 2018–22
- Table 19: Singapore exchange rate, 2018–22
- List of Figures
- Figure 1: Singapore travel & tourism industry value: $ million, 2017–22
- Figure 2: Singapore travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: Singapore travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: Singapore travel & tourism industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in Singapore, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in Singapore, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in Singapore, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Singapore, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Singapore, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Singapore, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook