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.