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Global Singapore Travel and Tourism Tenders

Singapore Travel and Tourism Tenders

Latest Singapore Travel and Tourism tenders. Discover new opportunities for Travel and Tourism tenders daily and win lucrative contracts across Singapore.

How big is the Travel and Tourism market in Singapore?

Singapore's vibrant travel and tourism industry is a significant contributor to the nation's economy. In 2022, the sector generated revenues of US$27 billion, and it is projected to reach US$39.9 billion by 2032, propelled by a compound annual growth rate (CAGR) of 4%. This growth is attributed to factors such as Singapore's strategic location, world-class infrastructure, diverse attractions, and strong government support.

Singapore government Travel and Tourism Procurement

The Singapore government plays a crucial role in shaping the travel and tourism landscape through its procurement practices. The government procures a wide range of travel and tourism products and services to support its various initiatives, including tourism promotion, infrastructure development, and event management.

What Travel and Tourism does the Singapore government buy?

The Singapore government procures a diverse array of travel and tourism products and services, encompassing:
Accommodation: The government contracts hotels, serviced apartments, and other accommodation providers to cater to the needs of government officials, delegates, and tourists.
Transportation: The government procures transportation services, including air travel, land transportation, and sea transportation, for business travel, logistical support, and event facilitation.
MICE (Meetings, Incentives, Conferences, Exhibitions): The government organizes and supports numerous MICE events, requiring procurement of venue rentals, catering services, event management expertise, and technological solutions.
Tourism Promotion and Marketing: The government procures marketing services, advertising campaigns, and promotional materials to enhance Singapore's global tourism appeal.

Major Travel and Tourism buyers in Singapore government

The key authorities responsible for Singapore travel and tourism procurement include:
Singapore Tourism Board (STB): The STB is the primary agency responsible for promoting Singapore as a tourism destination and oversees procurement related to tourism marketing, events, and infrastructure development.
Ministry of Trade and Industry (MTI): The MTI plays a role in procurement related to business travel, trade missions, and international events.
Ministry of Transport (MOT): The MOT oversees procurement related to transportation services for government officials, delegates, and tourists.

Who wins the most Travel and Tourism contracts from the Singapore government?

Notable winners of Singapore travel and tourism procurement contracts include:
Hotels: AccorHotels, Marriott International, InterContinental Hotels Group
Transportation Providers: Singapore Airlines, Changi Airport Group, SMRT Corporation
MICE Organizers: Experia Events, Freeman, CWT Meetings & Events
Marketing Agencies: Ogilvy & Mather, DDB Worldwide, McCann Erickson

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