, Singapore

Experiences or things: What do tourists in Singapore spend more on

Tourist spending went up by 60% from pre-pandemic levels.

After it eased border restrictions, Singapore recorded the highest international tourist spending on experiences in destinations globally, registering a 60% increase compared to the pre-pandemic period until March 2022, said financial services firm, Mastercard.

According to Mastercard Economics Institute’s report, Travel 2022: Trends and Transitions, tourists were shelling out cash for travel experiences instead of things when in a destination.

It also reported higher airfares for travellers in the Asia Pacific compared to their global counterparts. The average air travel expenses in the Asia Pacific remained elevated at about 11% and 27% above 2019 levels in Australia and Singapore, respectively.

This is due to constraints in supply including air transportation employment, which continues to remain below pre-pandemic levels.

As border restrictions loosened and flight booking trends continue, Mastercard said over 430 million more passengers will go to the Asia Pacific compared to last year.

For Asia Pacific traveller destinations, the US remained at the top, followed by Australia, Singapore, the UK, and Canada.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.