Resorts World Sentosa (RWS), under the Genting Group, is anticipated to reap the rewards of the resurgence in Chinese travelers, a positive trend for Singapore’s integrated resorts. Industry publication Inside Asian Gaming (IAG) reported that the upswing in Chinese tourist numbers presents a promising outlook for both RWS and Marina Bay Sands, which reported robust financial performance in the second quarter of 2023.
Analysts highlighted the potential for significant growth throughout the remainder of the year, considering the notable absence of substantial Chinese visitors during the first half of 2023.
Singapore witnessed a post-pandemic milestone in July, recording a remarkable 1.42 million visitor arrivals, reflecting a substantial 25.7% surge compared to the previous month’s 1.13 million arrivals. This surge can be attributed to a substantial increase in Chinese visitors.
According to data from the Singapore Tourism Board, July saw 231,330 arrivals from China, marking an impressive 104% rise from June’s 113,290 Chinese arrivals. These Chinese visitors also extended their stays, averaging 4.78 days, in contrast to the 3.82-day average for other nationalities.
This surge in July arrivals more than doubled the 726,739 visitors recorded in July 2022, resulting in a cumulative 7.7 million visitor arrivals in the first seven months of 2023.
While China regained its position as Singapore’s top source tourism market in July, it currently ranks second for the year with 655,520 arrivals. Indonesia leads the year’s arrivals with 1.35 million, followed by India (628,340), Malaysia (625,980), and Australia (611,350).
As Chinese tourists make their way back to Singapore, Resorts World Sentosa (RWS) and Marina Bay Sands are poised to harness this trend, demonstrating promising growth potential for the remainder of 2023 and beyond.
