The Determinants of Inbound Tourism Demand in Singapore: Panel Data Applied Approach
Abstract
Tourism plays a crucial role in Singapore’s economic and social development, contributing significantly to revenue generation and employment. This study investigates the key determinants influencing inbound tourism in Singapore using a panel data approach. By analyzing a dataset of 1,413 international tourists, multiple linear regression was employed to assess the impact of various factors, including distance, shared language, colonial ties, common religion, and income levels in both origin countries and Singapore. The findings indicate that while colonial ties, common language, and higher income levels in both origin and destination countries positively influence tourist arrivals, factors such as common borders, greater distance, and shared religion have a negative impact. These results suggest that historical and economic relationships play a vital role in shaping Singapore’s tourism sector. Moreover, adapting to emerging trends, such as digitalization and sustainable tourism, is essential for maintaining Singapore’s status as a leading international tourist destination. The study offers insights for policymakers to develop strategies that enhance tourism resilience and long-term growth.
References
Singapore Tourism Board, “Singapore’s tourism sector emerges from 2020 with greater resilience and reinvention,” Singapore Tourism Board, 2021. [Online]. Available: https://www.stb.gov.sg
Singapore Tourism Board, “Tourism in Singapore: Recovering and embracing the future,” Singapore Tourism Board, 2023. [Online]. Available: https://www.stb.gov.sg
Singapore Tourism Board, “Tourism in Singapore: Recovering and embracing the future,” Singapore Tourism Board, 2023. [Online]. Available: https://www.stb.gov.sg
Singapore Tourism Board, “Tourism in Singapore: Rebounding from the pandemic,” Singapore Tourism Board, 2022. [Online]. Available: https://www.stb.gov.sg
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