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Singapore Allocates S$740M for Tourism 2040, New Cruise Hub

5/12/2026

Summary

Grace Fu Boosts Tourism

Grace Fu announced a S$740 million five-year injection into the Tourism Development Fund for Tourism 2040.
An Integrated Cruise and Ferry Terminal at Straits View and a Downtown MICE Hub in Marina Bay are planned.
New air links to Palembang, Belitung, West Sydney, Newcastle, Sunshine Coast and Dalian will diversify visitor markets.
The package adds a S$5 million Market Access Fund, expanded marketing partnerships, business-event aid and an extended Hotel Rejuvenation Fund.

Summary

STB Warns

Tourism accounted for 6% of Singapore's services exports in 2024, per the Singapore Tourism Board.
The board warned that tourism spending may soften in 2026 because of muted demand linked to Middle-East conflicts.
The Global Business Travel Association said geopolitical tensions and higher fuel costs are destabilising travel markets, affecting Singapore’s business-travel hub.
Asia Pacific provides over 40% of global business-travel spending, underscoring its relevance to Singapore’s tourism sector.

Summary

HarbourFront Opens

New HarbourFront terminal opens July 15 2026 with self-service check-in kiosks, baggage-drop and biometric immigration clearance.
Waiting areas are 50 percent larger, adding a VIP lounge.
Over 20 tenants, including Lagardère Travel Retail duty-free, will operate.
Familiarisation sessions address passenger flow and baggage handling, while Singapore Tourism Board (STB) and Maritime and Port Authority of Singapore (MPA) study a cruise-ferry terminal at Straits View with 1.5 times Marina Bay capacity.

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Grace Fu Boosts Tourism

Grace Fu announced a S$740 million five-year injection into the Tourism Development Fund for Tourism 2040.
An Integrated Cruise and Ferry Terminal at Straits View and a Downtown MICE Hub in Marina Bay are planned.
New air links to Palembang, Belitung, West Sydney, Newcastle, Sunshine Coast and Dalian will diversify visitor markets.
The package adds a S$5 million Market Access Fund, expanded marketing partnerships, business-event aid and an extended Hotel Rejuvenation Fund.

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