Economists warn that the spike in visitor arrivals to Singapore could be affected by the strengthening of the Singapore dollar versus other currencies. There are risks to the bullish projections though. Meanwhile, data from Changi Airport also showed a spike in the number of arrivals to Singapore, from 720,000 in January to more than 2.4 million in May. The additional investments come as tourists are arriving and staying longer in Singapore, with visitors now staying 7.1 days on average compared with 3.4 days in 2019, according to a Singapore Tourism Board report earlier this month.

Work to construct Minion Land, a new attraction at Universal Studios Singapore, which is part of a $4.5 billion expansion of RWS, began on May 26.