China-Singapore visa exemption will boost Singapore’s tourism industry. In 2023, the number of tourists visiting Singapore will reach 13.6 million, which has recovered to about 71% of the level before the epidemic.
The annual tourism revenue is expected to be between S$24.5 billion and S$26 billion. Among the top ten source countries of tourism revenue, the top three are China, Indonesia and Australia, which contributed tourism revenue of S$2.327 billion.