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Marina Bay Sands MBSThe esteemed Casino and Hotel Resort in Singapore has begun a massive expansion project to its downtown facilities, with aims of finishing a new tower by the year 2029.
MBS was unable to complete its construction plans by 2029 due to the COVID-19 virus pandemic. On Friday, MBS stated that they would begin construction at full scale by 2025.
The pandemic shutdowns have caused significant delays to this ambitious project. It remains a key component of Singapore’s tourist industry. MBS’s visionary plans for a more attractive city-state for business and leisure tourism are moving ahead, however. With the support of the Singaporean government.
Patrick Dumont is the President and CEO of Las Vegas Sands’ parent company MBS. The expansion is crucial in boosting high-value tourism to Singapore. He said that this project would align the venue with Singapore’s goals and optimize its offerings, and play a crucial role in attracting tourists to the country.
MBS has welcomed more than 470 millions visitors and contributed significantly to Singapore’s business tourism by hosting 1,750 MICE Events. MBS strives to remain at the forefront of innovation and engaging offerings by constantly enhancing and improving its facilities.
The planned expansion, in addition to the luxury hotel tower with its impressive sky-roof and entertainment area of 15,000 seats, will also provide meeting, incentive, conference, and exhibition (MICE) space, as well as introduce new dining, drink, and nightlife choices. MBS will invest $1.75billion in its current amenities, separate from the expansion of the hotel.
The new entertainment venue is expected to attract renowned entertainers, who previously may not have considered Southeast Asia when planning their tour. This will enhance Singapore’s appeal. The additional MICE area will also facilitate the hosting of more events, taking advantage of Macau’s shift towards mainland China.
Singapore’s hotel sector will be able to make a strong recovery as international visitors are expected to reach 71% their pre-pandemic numbers by 2023, and profits from tourism could rise upto $19.2 billion. Singapore Tourism Board expects to see further growth this year. This is due in part to the gradual return of air travel capacity worldwide and growing interest for South Asia as an attractive leisure destination.
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