High-profile singers such as Taylor Swift and Coldplay held sold-out concerts in Singapore back in January and February. Because of the arrival of these superstars, tourist numbers have surged. Referred to as the “Taylor Swift effect,” Taylor Swift’s concerts have significantly increased visitor arrivals, with visitor numbers hitting 1.48 million in the month of March 2024, a post-COVID high. According to data from CoStar (NASDAQ: CSGP), a leader in the provision of commercial property information, Singapore’s hotel industry reported record operating statistics in March. The average daily rate (ADR), which measures the average rental revenue earned for an occupied room per day, as well as revenue per available room (RevPAR) both reached record highs for that month. While the tourist influx has slowed slightly since March, Singapore’s strategic intent to re-establish itself as the leading tourism hub in Southeast Asia remains clear. This goal was further demonstrated by a S$300 million investment by the government into a Tourism...