Singapore Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

Singapore Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

Summary

Travel & Tourism in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 HighlightsThe travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.The Singaporean travel and tourism industry had total revenues of $30.2 billion in 2022, representing a negative compound annual rate of change (CARC) of 4.1% between 2017 and 2022.Food service was the industry's largest segment in 2022, with total revenues of $9.7 billion, equivalent to 32.2% of the industry's overall value.Singapore is increasingly gaining an appeal as a leisure and business destination. The country hosts various events and boasts refreshed tourism offerings that attracts millions of visitors.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in SingaporeUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in SingaporeLeading company profiles reveal details of key travel & tourism market players’ global operations and financial performanceAdd 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 volumeReasons to BuyWhat 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?Who are the top competitors in Singapore's travel & tourism market?