SINGAPORE: The tourism sector will obtain a contemporary injection of near half a billion {dollars} to assist its restoration from the COVID-19 pandemic, as Singapore seems to reconnect with the world, Minister of State for Trade and Industry Alvin Tan introduced on Wednesday (Apr 6). 

This comes as Singapore has reopened its borders to all absolutely vaccinated travellers, eradicating the necessity for COVID-19 testing and quarantine.

Speaking on the Singapore Tourism Board’s (STB) Tourism Industry Conference on Wednesday, Mr Tan mentioned the funding can be used to assist and maintain strategic manpower capabilities within the sector, offset enterprise prices, in addition to amplify our worldwide restoration plans “in the coming years”. 

He added that it’s going to additionally drive worldwide tourism restoration and assist the business emerge stronger with new merchandise and experiences by STB’s grants and schemes. 

“This year, we will double down on our effort for SingapoReimagine, our international recovery campaign to welcome travellers to realise their passion for travel through fresh and innovative experiences in Singapore,” mentioned Mr Tan.

Over the previous two years, the Government offered the sector with greater than S$1 billion to assist alleviate prices comparable to rental and license charge waivers, and to assist jobs and capabilities growth. It additionally put aside S$320 million to drive home demand by the SingapoRediscovers voucher scheme.

While the outlook for worldwide journey seems hopeful, Mr Tan confused that the sector should stay agile and be ready to face challenges and setbacks that will come its means.

He referred to as on stakeholders and business companions to faucet on authorities assist to remodel their enterprise and develop new capabilities.

SUSTAINABILITY AND WELLNESS 

In specific, wellness and sustainability have been highlighted as areas of focus for Singapore’s tourism sector as a result of rising international demand. 

With Singapore eyeing to change into a sustainable tourism vacation spot, Mr Tan introduced {that a} new programme can be launched to assist tourism companies of their sustainability efforts.

The Tourism Sustainability Programme (TSP) will deal with constructing capabilities, spurring innovation in addition to training and consciousness.

To encourage innovation, the Government will assist the event and test-bedding of modern sustainable options by the Singapore Tourism Accelerator. Under this, modern know-how suppliers and tourism companies will work collectively to develop options in areas comparable to waste, water, vitality and carbon emissions administration that may be scaled up throughout the business.

Beyond this, Singapore can also be seeking to place itself as an “urban wellness haven”. 

Mr Tan famous that the worldwide wellness tourism market was estimated at greater than US$720 billion in 2019. However, with the pandemic elevating larger consciousness concerning the significance of holistic wellbeing, that is projected to develop within the subsequent 5 years to achieve US$1.1 trillion by 2025 in keeping with non-profit organisation Global Wellness Institute. 

“We must target secondary wellness tourists, who seek wellness experiences or healthy options during their travel to Singapore, whether for leisure or business,” mentioned Mr Tan. 

He added that there are various alternatives for Singapore to curate wellness experiences that construct on its identification as a City in Nature and it’s inexperienced areas. 

“We can use leverage technology and our multicultural roots to develop innovative wellness products and experiences that improve people’s physical fitness and health, and recharge and rejuvenate their minds,” he mentioned.

Nearly S$500 million set aside to support Singapore’s tourism recovery

Vanessa Lim

Source : channelnewsasia.com

The post Nearly S$500 million set aside to support Singapore’s tourism recovery first appeared on Umorr.

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