Reports SINGAPORE MARKET REPORT
Terminal 2 renovations were completed in November last year after three and a half years of works. The expansion of Terminal 2 adds a capacity of five million passengers annually and this means the four terminals in operation can handle up to 90 million passengers. In theory this means terminal capacity will be 32 per cent more than pre-Covid levels.
Last year (2023) saw 11.2 million visitors to the city-state. Tere are around 260 hotels and tourism accommodation in Singapore with 63,000 rooms.
Te lull was down to further quarantine measures in the first quarter of that year and flight capacity issues. With the Chinese being the largest contributor to Singapore’s tourism before the pandemic (3.6 million visitors in 2019) with restricted travel this dropped significantly.
In April 2022 the Vaccinated Travel Framework was launched easing the return of travellers to Singapore by allowing entry without approvals or testing.
After the borders reopened fully there was a rapid, and quicker than expected, recovery for the first full year of post pandemic tourism. Te Singapore Tourism Board anticipate that visitor figures would reach pre-pandemic levels by 2024.
It’s been a tough couple of years for air travellers. Firstly the cost of air fares has risen whilst flight options have been limited and aircraft full. Te supply-demand imbalance has seen record profits for airlines like Singapore Airlines but there has been a lack of aircraft to meet the demand required.
Tere’s also been some big expansion work at Changi Airport causing problems, including the building of a fifth terminal, development of a three-runway system and underground tunnel systems.
P108 WIRE / PULSE / INSIGHT / REPORTS
Changi Airport opened a third runway in October 2020. Tis was an existing runway used only by the military and has been extended to handle larger aircraft. However the airport then had to close the other two runways to support construction work relating to the new Terminal 5. It is said this terminal will open in the mid- 2030s. Until all three runways are operational by around 2025 there will still be a limit to capacity it can handle.
In 2019 there were some 68.3 million passengers through the airport. Tis dropped significantly during 2020 and 2021 to 11.8 million and three million respectively. By 2022 the figure was up to 32.2 million and by September 2023 there were 42.9 million. Pre-pandemic there were between five and six million passengers on average per month moving through the airport.
Terminal 2 renovations were completed in November last year after three and a half years of works. Te expansion of Terminal 2 adds a capacity of five million passengers annually and this means the four terminals in operation can handle up to 90 million passengers. In theory this means terminal capacity will be 32 per cent more than pre-Covid levels.
Changi Airport passenger traffic was around 90 per cent pre-Covid levels by September 2023 and expected to reach 100 per cent this year.
Te problem at the moment is the bottleneck at the two runways which limits the number of flights and leads to congestion and delays. Te number of flight movements is about 89 per cent of 2019 levels.
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