3m visitors to Japan could be diverted to Singapore

Visitors from China and Korea are "low hanging fruits" for Singapore to tap as they are already top generating markets locally.

While the anticipated weakness from Japan will affect Singapore’s visitor growth somewhat, they believe that Singapore could benefit from this change in travel pattern in the near term, which might more than offset any potential weakness from Japan, DBS said.

DBS sees similarities between Singapore and Japan inbound tourists profiles. Visitors from China, Korea - two of Japan’s top inbound visitor source markets are collectively contributing c13% of annual visitor arrivals. In addition, in common visitor source markets between Singapore & Japan, they find that Singapore is placed positively as one of the top 5 outbound destinations in these markets, supporting our view of a possibility of Singapore benefiting from such a diversion in travel plans.

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