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Cruise Industry Boosting Share in Singapore Tourism Market: Ken Research

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Travel and Tourism in Singapore to 2020-provides detailed information on the country's tourism sector, analyzing market data and providing insights. – PowerPoint PPT presentation

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Title: Cruise Industry Boosting Share in Singapore Tourism Market: Ken Research


1
Cruise Industry Boosting Share in Singapore
Tourism Market Ken Research
2
  • Singapore Tourism is forecasted to grow in coming
    years
  • Government will provide S700 million fund to
    boost key tourism factors like the cruise
    industry
  • Ken Research announced its latest publication on,
    Travel and Tourism in Singapore to 2020 which
    provides a detailed analysis of the Singapore
    Tourism Industry. Category-wise coverage of
    different segments is also included in the
    report. In addition, the report provides
    appropriate understanding of tourism flows,
    expenditure, airline, hotel, car rental, and
    travel intermediaries industries.

3
Singapore tourism industry faced headwinds in the
year 2014 due to global economic conditions and
strong position of the Singapore dollar in the
market. Singapore Tourism Board has a major role
to play to boost the tourism sector in the
country. Enormous growth was observed for the
inbound tourism in Singapore during 2010-2015.
Number of trips increased from 9.2 million to
12.1 million in 2015. Tourism promotion campaigns
by the Singapore Tourism Board attributed to this
huge growth. Indonesia, China and India are the
leading countries in the respective order to
contribute to the Singapore tourism industry. In
2015, the number of arrivals plunged from
countries like Japan, Indonesia, Malaysia and
Australia because of strapping appreciation of
the Singapore dollar against the currencies of
respective countries. Singapore Tourism Board is
putting efforts to push inbound tourism growth
like promotional activities, foreign
partnerships, such as with MasterCard and
Alitrip. A CAGR of 6.56 for inbound tourism is
anticipated for the coming years till 2020.
4
  • Global Tourism Industry
  • Travel and tourism worldwide is forecasted to
    show strong growth than previous years. The year
    2015 was marked with one of the slow growing year
    for the industry due to recession in few
    countries and slow economic growth in other
    regions. However, decrease in oil prices is
    anticipated to improve the sector. The industrys
    contribution to the worldwide GDP is expected to
    increase by nearly 3.6 for the forecasted
    period.
  • Some trends driving the global tourism industry
    include
  • Increasing disposable income
  • Stable economy
  • Rising domestic consumer spending
  • Government investments
  • Promotional activities

5
  • Key Topics Covered in the Report
  • Detailed analysis of Singapore Travel and Tourism
    Industry
  • Value and volume analysis for Singapore Travel
    and Tourism Market
  • Historic and Forecast analysis
  • Key issues and trends in the Tourism industry
  • Visitor trend framework
  • Analysis of mega-trends
  • Profiling of new schemes launched in the
    Singapore Travel and Tourism Market
  • To know more on coverage, click on the link
    below
  • https//www.kenresearch.com/media-and-entertainmen
    t/tourism/travel-tourism-singapore-2020/32000-94.h
    tml

6
Related Reports https//www.kenresearch.com/media
-and-entertainment/tourism/travel-tourism-colombia
/39462-94.html https//www.kenresearch.com/media-
and-entertainment/tourism/travel-tourism-malaysia-
2020/31999-94.html Contact Ken Research Ankur
Gupta, Head Marketing Communications query_at_kenre
search.com 91-124-4230204
7
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