Travel & Tourism in Singapore
Summary
Travel & Tourism in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Singaporean travel & tourism industry recorded revenues of $35.8 billion in 2023, representing a compound annual growth rate (CAGR) of 0.04% between 2018 and 2023.
- The passenger airlines segment accounted for the industry's largest proportion in 2023, with total revenues of $13.4 billion, equivalent to 37.5% of the industry's overall value.
- Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Singapore reached $24.0 billion in 2023, reflecting a 7.8% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume
- What was the size of the Singapore travel & tourism market by value in 2023?
- What will be the size of the Singapore travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Singapore travel & tourism market?
- How has the market performed over the last five years?
- How large is Singapore’s travel & tourism market in relation to its regional counterparts?
- 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 are the strengths and strategies of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Singapore Airlines Ltd
- 8.2. Trip.com Group Ltd
- 8.3. Genting Singapore Limited
- 8.4. JUMBO Group 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, 2018-23
- Table 2: Singapore travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Singapore travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Singapore travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Singapore travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Singapore Airlines Ltd: Key Facts
- Table 7: Singapore Airlines Ltd: Annual Financial Ratios
- Table 8: Singapore Airlines Ltd: Key Employees
- Table 9: Trip.com Group Ltd: Key Facts
- Table 10: Trip.com Group Ltd: Annual Financial Ratios
- Table 11: Trip.com Group Ltd: Key Employees
- Table 12: Genting Singapore Limited: Key Facts
- Table 13: Genting Singapore Limited: Annual Financial Ratios
- Table 14: Genting Singapore Limited: Key Employees
- Table 15: JUMBO Group Ltd: Key Facts
- Table 16: JUMBO Group Ltd: Annual Financial Ratios
- Table 17: Singapore Size of Population (million), 2019-23
- Table 18: Singapore real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 19: Singapore GDP (Current Prices, $ Billion), 2019-23
- Table 20: Singapore Inflation, 2019-23
- Table 21: Singapore Consumer Price Index (Absolute), 2019-23
- Table 22: Singapore Exchange Rate, 2018-23
- List of Figures
- Figure 1: Singapore travel & tourism industry value: $ million, 2018-23
- Figure 2: Singapore travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Singapore travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Singapore travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Singapore, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Singapore, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Singapore, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Singapore, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Singapore, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Singapore, 2023
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