Singapore Tourism

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Singapore Tourism
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Singapore

• Singapore in recent time has been well placed on
  the bucket list of millions of international
  visitors dairies.
• With super-fast transport systems, diversity in
  culinary tourism attracted more visitors in the
  past few years.
• Sky high retail centres, nature parks and
  national reserves, providing outdoor and
  adventure activities are major engaging factors
  tourist attractions.

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Singapore - A Good Place For Short-stay
Destination

• Singapore was known to be a good place for
  short-stay destination, however now the country
  working keenly to break that jinx and have
  long-stay visitors and it makes them heavily
  invests in tourism infrastructure.

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Singapore - Market Research Overview

• The market research overview provides a
  comprehensive insight on industry performance and
  forecast.
• Rise of Subcontinent visitors
• Hotel and Cruise industry performance
• Market Forecast
• Investment Opportunities

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Rise of Subcontinent visitors

• Market study on Singapore tourism reveals the
  growth in visitor numbers surged from India,
  China and Indonesia totalling 7.88 million.
• India tops the list with a 13 increase in
  growth, where China and Indonesia recorded 6 and
  2 increase in visitors in 2018.
• The market report shows that, Singapore
  encourages subcontinental visitors with frequent
  flights which directly increases the strong
  travel demand.

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Rise of Subcontinent visitors

• Malaysia, Australia, Japan, Philippines, US,
  South Korea, Vietnam, United Kingdom, Thailand,
  Hong Kong, Taiwan and Germany are the other
  countries with more visitor arrivals which
  boosted overall visitors to 18.5 million
  visitors, a 6.2 per cent increase to previous
  years.

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Hotel and Cruise industry performance

• Singapore hotel industry being home to several
  numbers of domestic and international hotel
  groups and caters to all sectors of the market
  has seen strong growth with S 4 billion with a
  7.4 increase in room per revenue in 2018.
• The room occupancy rate rose to 86 with a 1.2
  increase to last year.
• The investment potential of Singapore's expanding
  hotel market is further demonstrated by expected
  increases in the value of the domestic hotel and
  restaurants industry.
• Cruise industry made tremendous contribution with
  a 35 increase in a year supporting Singapore
  tourism.
• It carried 1.87 million total passengers in
  2018, this number shows Cruise industry as
  potential area of growth with number of
  passengers expected to increase each year.

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Market Forecast

• The market report showcases in 2019, 18.7 to 19
  .2 million international visitors to be expected
  in this year and tourism receipts to be maximum
  at SGD 27.9 billion.
• The market forecast of hotel industry shows until
  2021, hotel industry Singapore will have high
  occupancy rates in Asia Pacific region.
• Our forecast projects that, Singapore will see
  Europe origin of travelling over 1.7 million
  visitors and Middle East could be over 235,800
  visitors in 2021.
• China will hold their first position with more
  inbound travels to Singapore and forecasted to
  see 5.5 million visitors from China in 2021.

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Investment Opportunities

• Singapore tourism boards constant investment in
  new attractions, successful marketing campaigns
  and transportations are ongoing and mean
  Singapore is well placed to support the expected
  growth in inbound tourism.
• Sentosa island continues to pull over more
  investments which will be purposed to attract
  international and domestic tourists.
• Changi airport being named as the best airport in
  the world for 5 years, and is set to hold the
  record by further investments.

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Market And Business Intelligence Reports

• Apeiron Market Research Consulting focuses on
  providing accurate market and business
  intelligence reports tailored to meet the needs
  of our customer.
• We specialize in Market Research, Statistical
  Data Analysis, Feasibility Study, Business
  Plan,BusinessExpansion, and Business Consulting
  services.

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