Barclays Private Bank Singapore Head to Exit Despite Growth Push

Tourism receipts rose 6.5% year-on-year in the first three quarters of 2025 to a record S$23.9 billion ($18.8 billion), and are on track to exceed the full-year projection of S$29.0–30.5 billion. The result signals resilient travel demand that should support Singapore's travel, hospitality and retail sectors, but is unlikely to materially move broader markets.

Analysis

Tourism receipts rose 6.5% year-on-year in the first three quarters of 2025 to a record S$23.9 billion ($18.8 billion), and are on track to exceed the full-year projection of S$29.0–30.5 billion. The result signals resilient travel demand that should support Singapore's travel, hospitality and retail sectors, but is unlikely to materially move broader markets.