economy
March 13, 2026
Why one of the world’s top travel hubs is chasing high‑spending business visitors
Singapore is betting big on business events—because they pay off. Under its Tourism 2040 roadmap, the country aims to triple MICE (Meetings, Incentives, Conferences and Exhibitions) tourism receipts.
TL;DR
- Singapore plans to triple MICE tourism receipts by 2040.
- Business travelers spend nearly twice as much as leisure visitors.
- Expansion of Changi Airport's Terminal 5 will increase passenger capacity.
- High-impact venues like Gardens by the Bay are being promoted.
- The country aims to be the 'world's best MICE city'.
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