Singapore Tourist Arrivals Rise 4.5% in August âšī¸
Singapore's international visitor arrivals increased 4.5% in August 2025, reaching 1.6 million, with China remaining the top source market and tourism projections indicating potential revenue between SGD 29.0-30.5 billion for the year.
Tourism data suggests modest growth with incremental positive indicators for regional economic activity, but limited direct portfolio implications given the small scale of potential impact.
New Zealand Visitor Arrivals Up 6.6% YoY in July âšī¸
New Zealand's visitor arrivals increased 6.6% in July 2025, with a record number of Australian tourists, while arrivals from China and the US declined, reaching 93% of pre-pandemic July 2019 levels.
Tourism data provides a snapshot of travel recovery, with mixed signals from different markets. Australian market strength partially offsets declines from other regions, indicating a gradual but uneven global tourism rebound.