Singapore, 8th March: According to Singapore Tourism Board (STB), tourism receipts from the business travel and MICE sector generated S$3.4 billion (US$2.5 billion) in the first nine months of 2018, which represents growth of 10% year-on-year. Visitor arrivals in the same period increased 14%, reaching two million.
Singapore will host a number of sizeable business events in 2019 and beyond. Some of the events secured were new to Singapore. Professional services, technology and food & beverage sectors are expected to record growth in the coming two years. It is estimated the professional services and technology sectors will attract 10,500 and 6,000 delegates, respectively in 2019. The F&B sector will also have high-profile events held in Singapore. Food&HotelAsia (FHA), a leading F&B trade show in Singapore, will split into two events – FHA-HoReCa and FHA-F&B – in 2020 and overall, is expected to attract more delegates.