Visiting Lion - Singapore Tourism Industry Experiencing Surge in Tourist Arrivals

Released on: November 28, 2007, 9:36 pm

Press Release Author: Shushmul Maheshwari

Industry: Marketing

Press Release Summary: Forces like well-planned tourism infrastructure, government
initiatives and public safety are leading to phenomenal growth of Singapore tourism
industry. And going by the previous statistics, the industry is poised to enter the
boom phase.

Press Release Body: According to a recent report on Singapore tourism industry -
“Opportunities in Singapore Tourism Industry (2007-2009)”, published by
RNCOS - tourist arrivals jumped to 9.75 Million in 2006, up 9% from 2005. The
tourist influx is anticipated to increase at a CAGR of about 4% for the period
spanning from 2007 to 2011.

During the first half of 2007, the tourist influx in Singapore has climbed up to 4.9
Million registering a 5.2% increase over the same period of the year 2006, as per
the statistics released by the Singapore Tourism Board (STB). The top five
visitor-generating markets for Singapore during the first half of 2007 were India,
China, Indonesia, Malaysia and Australia.

In recent years, Singapore tourism industry has experienced an impressive growth in
terms of tourist arrival as well as revenue. The annual receipts of the Singapore
tourism industry reached Singapore Dollar (SGD) 12.4 Billion while the tourist
arrivals touched huge 9.7 Million visitors in the year 2006.

The tourism sector in Singapore has been driven by the strong initiatives taken by
the STB to make Singapore a powerful tourism hub for drawing visitors and businesses
across the world. To reach the target, STB has upgraded its online services to make
it more interactive and user-friendly.

Flourishing economy, increased travel confidence, a well-organized tourism
infrastructure, premium hotels, public security and the increased operations and
connectivity by low cost airlines have also contributed notably to the rise in
tourist arrivals, creating ample opportunities for the tourism industry as well as
related industries like aviation, hospitality, transportation etc.

However, Singapore government needs to overcome the looming threat of terrorism,
epidemics like SARS and the uneasiness over natural calamities to ensure that the
tourism sector remains competitive and continues to be a key contributor to the
economy in the years to come.

The RNCOS report “Opportunities in Singapore Tourism Industry
(2007-2009)” provides extensive research and rational analysis on the
proliferating market of tourism industry in Singapore. It analyzes different
parameters like inbound and outbound tourism, emerging trends, driving forces,
growth opportunities and challenges, etc to give a rational future outlook of the

About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.
For more information visit:
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Web Site:

Contact Details: RNCOS E-Services Pvt. Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
Fax No. 91-11-4214-1228

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