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
(No Transcript)