The report provides detailed market
analysis, information and insights, including:
- Historic and forecast tourist volumes covering the entire Singapore travel and tourism sector
- Detailed analysis of tourist spending patterns in Singapore
- The total, direct and indirect tourism output generated by each category within the Singapore travel and tourism sector
- Employment and salary trends for various categories in the Singapore travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
- Detailed market classification across each category with analysis using similar metrics
- Detailed analysis of the airline, hotel, car rental and travel intermediaries industries
To check out the Complete table of
contents, visit: http://www.marketresearchreports.biz/analysis-details/travel-and-tourism-in-singapore-to-2017
Executive summary
Domestic and outbound tourism in Singapore
recovered from a decline caused by an overhang of the financial crisis in 2009.
However, international arrivals registered growth during the review period
(2008−2012). Singapore has a modern, well-developed transport infrastructure,
and its air and rail networks are considered by some to be among the finest in
Asia. The country's ports provide a natural hub for shipping to and from
Europe, the Americas and Asia-Pacific. Tourism has a large-scale impact on the
country’s economy and according to the World Travel and Tourism Council (WTTC),
in 2012, accounted for 11.3% of the country’s GDP and comprised 9.1% of its
total employment.
Scope
This report provides an extensive
analysis related to tourism demands and flows in Singapore:
- It details historical values for the Singapore tourism sector for 2008–2012, along with forecast figures for 2013–2017
- It provides comprehensive analysis of travel and tourism demand factors with values for both the 2008–2012 review period and the 2013–2017 forecast period
- The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Singapore
- It provides employment and salary trends for various categories of the travel and tourism sector
- It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries with values for both the 2008–2012 review period and the 2013–2017 forecast period
To
Buy The Copy of This Report Visit: http://www.marketresearchreports.biz/analysis/170105
Reasons to buy
- Take strategic business decisions using historic and forecast market data related to the Singapore travel and tourism sector
- Understand the demand-side dynamics within the Singapore travel and tourism sector, along with key market trends and growth opportunities
- Identify the spending patterns of domestic, inbound and outbound tourists by individual categories
- Analyze key employment and compensation data related to the travel and tourism sector in Singapore
Key highlights
- Singapore’s tourism sector has a greater dependency on inbound tourism than domestic tourism. This is mainly due to the relatively small size of its population and geographical area. In 2012, Singapore registered 145,866 domestic trips, while inbound trips registered 20.9 million.
- Inbound tourism increased at a review-period CAGR of 9.17%, with total arrivals increasing from 10.1 million in 2008 to 14.4 million in 2012. The highest annual growth rate of 20.2% was recorded in 2010. In 2017, inbound tourist arrivals are expected to reach 20.9 million, representing a forecast-period CAGR of 7.74%. The key drivers of this growth are expected to be improving economic forecasts in key European source countries, greater access to travel services at competitive prices, and government efforts to promote Singapore as a tourist destination.
- The government and the Singapore Tourism Board (STB) jointly undertook promotional initiatives to achieve a growth in inbound tourist flows. STB launched the YourSingapore branding campaign.
- Singapore is the second-largest source market of outbound tourism in South-East Asia. The most popular foreign destinations for its outbound tourists are Malaysia, Indonesia and Thailand. Malaysia alone accounted for 73.4%, or 5.8 million international departures from Singapore. Singapore is also an important market for Australia. Outbound trips to Australia increased from 151,135 in 2010 to 158,065 in 2012, with tourists attracted by festivals.
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