GSS to Fuel the Singapore Tourism Industry Growth

Delhi, India (PressExposure) June 16, 2007 -- According to a recent report “Opportunities in Singapore Tourism Industry (2007-2009)" by RNCOS, Singapore is among the numerous nations that regard tourism as an essential factor for economic growth. Recently, the Singapore tourism industry has recorded an impressive growth in tourist influx, departure, and revenue. It’s projected that the tourist influx in the country would rise at a CAGR of about 4% for the period 2007-2011, departure by 6.20% and per head expenses by inbound tourists by 865.49 during the same period.

The Singapore Tourism Board (STB) is the chief tourism bureau in Singapore and has initiated several proposals to make Singapore an influential tourism center to draw trade, talent and tourists from all over the globe by 2015.

The Board’s efforts are reflected by the yearly Great Singapore Sale (GSS) started on May 25, 2007 and unlike before, coordinators have turned up with unique tours to promote the diversity of things in unexplored places around.

Jannie Tay, the President of the Retailers Association of Singapore, in a statement published by CHANNEL NEWSASIA on May 24, 2007, said, "They'll see how local shops are being organized and the kind of products that are available. They can sample food, see vanishing arts and experience the Singapore lifestyle and the way we live”.

As per the Singapore Tourism Board, every one out of four tourists had particularly planned his or her tour to overlap with GSS in 2006. The total number of tourists throughout the sale in the year 2006 was 1.7 Mn & STB is estimating a rise of around 5 % this year (2007). The Sale will end on July 22, 2007 and coordinators are certain that the sale would make them rich by Singapore $5.2 Bn.

The report “Opportunities in Singapore Tourism Industry (2007-2009)” raises several remarkable concerns for today’s business environment, like position of Singapore tourism industry in comparison to the ASEAN tourism industry, rising trends in the Singapore tourism sector, future of the industry in inbound and outbound tourism, expenditure by inbound and outbound tourists, major forces for the growth of Singapore tourism industry and opportunities and challenges for the Singapore tourism industry etc.

The report provides broad research and focused analysis of the Singapore tourism industry and helps clients in analyzing the prospects vital for its growth.

About RNCOS E-Services Pvt Ltd.:

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.

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About RNCOS E-Services Pvt Ltd.

RNCOS E-Services Pvt Ltd.

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Press Release Submitted On: June 16, 2007 at 11:01 am
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