Marketsmonitor Releases Report on Opportunities in Singapore Tourism Industry (2007-2009)
Posted by business | travelling | Posted on May 14th, 2010
Tourism is one of the largest service sectors of Singapore. As of 2007, the tourism industry contributed 3% to Singapore’s GDP, and generated US$ 9.4 Billion in tourism receipts. This clearly shows the important role tourism industry plays in Singapore’s economy. To ensure that tourism remains a key economic pillar, a bold target, Tourism 2015, was unveiled in the year
2005. The major objectives of the initiative are to triple tourism receipts to US$ 30 Billion, doubling visitor arrivals to 17 Million, and creating an additional 100,000 jobs in the services sector by 2015, according to “Opportunities in Singapore Tourism Industry (2007-2009)”.
Singapore is one of the most popular tourist destinations in Asia-Pacific region. Tourism industry in Singapore is growing very rapidly for the past several years. Tourism industry is strengthening by the infrastructure developments, various events and the countries strategic location in the heart of region.
This report provides an insight into Singapore’s tourism industry and studies its past, present and future scenario. It offers a detailed study on the forces driving the industry and discusses the key factors which are making Singapore a potential tourism destination. It provides strategic insight into the market to analyze the opportunities critical for the success of clients in Singapore tourism industry.
With focus on different parameters, including inbound tourism, outbound tourism, expenditure by inbound tourists, medical tourism, and hotel industry, the report gives a thorough analysis on the tourism industry of Singapore.
“Opportunities in Singapore Tourism Industry (2007-2009)” also provides an overview on the global, Asia-pacific and ASEAN tourism industry, helping the clients to evaluate and analyze the present and future position of Singapore’s tourism industry with respect to world and other regions.
The report provides industry forecast on various segments of tourism industry based on feasible tourism industry environment in Singapore. These include:
- Tourists arrivals
- Tourism receipts
- Outbound tourism
- Outbound tourism expenditure
- Medical tourism industry
- MICE industry
The report provides an insight on key players in the tourism industry of Singapore, including Singapore Airlines Ltd., Cathay Pacific Airways Limited, PT Garuda Indonesia, Qantas Airways Limited, Thai Airways International PCL, Shangri-la Hotel, Chan Brothers Travel Pte Ltd, Prime Travel & Tour Pte Ltd and WTS Travel & Tours Pte. Ltd.
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yeah it’s a nice place… I am a Filipino and I could say it’s a great country… I wa sthere last April 2010 just for a tour…. Bangkok is no nice and I like the Siam Square…
Without tourism, you would not have to look at fat, ugly people in shorts and white socks, running around proving to everyone that tourists can only speak AmeriKan and KNOW that if you YELL in someone's face, they will immediately understand AmreiKan.
They also forget how to drive.
I used to have a bumper sticker that said: "WHEN I GO ON VACATION I AM COMING TO YOUR TOWN SO I CAN DRESS FUNNY AND DRIVE LIKE A MORON."
Your question doesn't make any sense.
Very nice video, connects with viewers.
The cost of our health care is far too high. Even a falling dollar cannot make us competitive with countries like India and Thailand.
Hi, spa packages are actually getting popular nowadys. Not just the usual spa, people are going more for the holistic and healing spas programs. Key aim of the packages should be targeting relaxation, wellness and health. You did not say where you are located, so I will not be able to offer much.
But take a look at how this is done, like in Thailand. There are spas in hotels and packages offered cover the rooms, spa treatment and dietary health advice. This can be a 1-day, 2-day or even 3-day packages. So the guests gets pampered without having to leave the comfort of the hotel or resort room.
Standalone spa may be a bit difficult as you can only offer the treatment. Try to have a nearby accommodation tied in for a total package deal.
A check on the prices shows that such spa stay cost from between US$100 up to US$500 a day, depending on the location and hotel/resort status.
I guess it will be good if you can try and experience it for yourself. Take a trip to Thailand for one of these packages.
i still love the Philippines.. thailand has those unlawful red shirt rebels..
CIRCULAR FLOW: Foreign tourists spend money and that money generates higher incomes, which is then spent by individuals on more products and services, meaning more income for businesses, meaning higher incomes, etc.
IMPORTS? Tourism money acts more like exports than imports, since a country is selling its resources (natural beauty) and services (hotels, restaurants) in return for foreign money.
Travel locally. Flying is one of the biggest producers of green house gases. And yes, Al Gore that includes you.
PS: Icon MC what oil company do you work for?
Tiger balm in Singapore.
You should learn other languages too,redneck bafoon!Or I should say “paysan”…sau taran prost!
)
^_^
I ? Thailand.
Tourism has increased immensely with now flights to Antartica from Sydney, you do have the chance to land but mostly you just fly over and look.
@alejaperu I still the Philippines, Thailand now is like a bomb that will explode anytime because of those red shirt rebels..
been nine times. Can’t wait for number 10
I work with communities in developing tourism. The single biggest factor:
Whether or not the community sees tourism as an economic driver… takes it seriously. Community understanding and buy-in regarding the benefits of tourism is essential to development of the industry. Are they willing to commit financial and human resources to assist in developing the destination…
Political will by local politicians to take tourism seriously is essential. So many communities see tourism as a "last resort" (no pun intended!) and are still chasing smokestacks rather than dedicating time and energy to developing tourism.
Once this happens, obstacles can be addressed and the destination can build a plan to develop products to position themselves to attract desired markets.
IM going BACK home.. baby! in july!
Thailand is too charming to leave.
Life is amazing there don’t wanna leaves