Since the establishment of the Vaccinated Travel Lane (VTL) between Korea and Singapore in November 2021, air travel and tourism have experienced a remarkable surge. The VTL program enables fully vaccinated travelers to travel between the two countries without the need for quarantine upon arrival.
According to the Civil Aviation Authority of Singapore (CAAS), the VTL has facilitated a significant increase in air travel. In the first quarter of 2022 alone, over 700,000 passengers traveled between Korea and Singapore under the VTL program. This represents a 150% increase compared to the same period in 2021.
Key Findings from CAAS:
Month | Passengers | % Increase Y-o-Y |
---|---|---|
January 2022 | 200,000 | 120% |
February 2022 | 250,000 | 170% |
March 2022 | 300,000 | 200% |
The VTL has also had a profound impact on tourism in both countries. According to the Korea Tourism Organization (KTO), the number of Korean tourists visiting Singapore increased by 60% in the first quarter of 2022 compared to the same period in 2021. Similarly, the Singapore Tourism Board (STB) reported a 40% increase in Singaporean tourists visiting Korea.
The VTL program has not only facilitated travel between Korea and Singapore but has also contributed to economic growth in both countries. The increased air travel has led to higher demand for airline services, airport infrastructure, and tourism-related businesses.
Estimated Economic Contribution:
Sector | Estimated Value |
---|---|
Airline Industry | $200 million |
Airport Services | $50 million |
Tourism | $100 million |
The VTL program between Korea and Singapore is expected to continue to drive growth in air travel and tourism. With the easing of travel restrictions and the increasing confidence in vaccines, more travelers are expected to take advantage of the opportunity to travel between the two countries.
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