Singapore's calendar of business events is already starting to look crowded - but that's a good problem to have for the city-state. In particular, there are more business events from the Professional Services, Technology and F&B clusters. These events, some of which being inaugural editions, will help Singapore bolster its reputation as a leading world-class business events destination.
These findings come on the back of a strong performance of the BTMICE industry in 2018. From January to September 2018, tourism receipts from the BTMICE sector rose by 10% to hit S$3.44 billion (US$2.53 billion). This was driven by growth in BTMICE visitor arrivals, which also rose 14% year-on-year for the same period to hit two million arrivals.
Melissa Ow, deputy chief executive, Singapore Tourism Board, said, "High profile events in 2018 that garnered strong global interest, such as the DPRK-USA Singapore Summit and the Bloomberg New Economy Forum, have helped increase awareness of Singapore's business events industry. This has also bolstered our reputation as a choice destination for meetings and business events."
"In 2019 and beyond, we look forward to a strong slate of events in the Professional Services, Technology and F&B clusters. As these clusters are aligned to Singapore's key economic sectors and play well to our strengths, we are confident that Singapore will provide many opportunities for decision-makers, event organisers and business executives looking to chart a path in this space," Ow added.