Singapore is a Leading Tourism Destination That Recorded Significant Growth in Inbound Arrivals During the Review Period (2009-2013), According to a New Study on ASDReports
Tourism is a priority sector in Singapore, and therefore attracts a large amount of investment. The government has made continual efforts to develop and promote the country’s tourism offerings including leisure tourism, business tourism and niche areas such as medical and cruise tourism.
The difference:
- Take strategic business decisions using historic and forecast market data related to the travel and tourism sector in Singapore which will keep you ahead of your competitors
- Understand the demand-side dynamics within the Singaporean travel and tourism sector, along with key market trends and growth opportunities for any business looking to expand and prosper
- Detailed market classification across each category, with analysis using similar metrics. Which will enable you to collect as much data with high levels of convenience
Additional report highlights
Singapore is a leading tourism destination that recorded significant growth in inbound arrivals during the review period (2009–2013). Tourism is a priority sector in Singapore and therefore attracts a large amount of investment. The government has made continual efforts to develop and promote the country’s tourism offerings including leisure tourism, business tourism and niche areas such as medical and cruise tourism. International arrivals to Singapore increased from 7.2 million in 2009 to 11.3 million in 2013, increasing at a compound annual growth rate (CAGR) of just less than 11% during the review period. Due to the small size of the country, Singaporeans prefer outbound travel. The number of outbound trips increased at a review-period CAGR of just over 5% to reach 8.7 million in 2013 of which just over 60% were leisure trips while 19.5% of the total trips were for visiting friends and relatives (VFR). Government efforts to support the sector include investment to improve transport infrastructure, the development of new tourist attractions and promotion campaigns, and are expected to fuel the sector‟s growth over the forecast period (2013–2018). International arrivals to Singapore are expected to increase at a forecast-period CAGR of just less than 8% to reach 16.4 million by 2018.