Tag Archives: singapore hotels

Tourism is booming in Singapore

18 Jun

Via Business Wire India:

“Singapore’s tourism sector’s strong performance in Q1 2011 as well as the
uptrend in business travel and the MICE industry signal that there is strong
potential for the city-state to emerge as a top tourist destination for 2011,
forecasts Singapore business incorporation portal, http://www.SingaporeSetup.com.

Latest data from the Singapore Tourism Board reveals that Singapore has
experienced an all-time high of 990,000 in international visitorship during the month of February 2011. This number represents a 15.4% growth in visitorship compared to a year ago and brings with it a 19.1% year-on-year growth in gazetted hotel revenue, estimated at S$159 million. 

On the back of this announcement, Singapore aims to draw 12-13 million visitors and earn S$22-S$24 billion in tourism receipts this year.

As businesses and entrepreneurs look East to establish their presence in the
region, many flock to Singapore due to its reputation as a financial and
commercial hub in the heart of Asia, sound business practices, efficient and stable governance and proximity to the emerging markets that surround it. Last year alone, Singapore has hosted a strong calendar of international conferences and trade exhibitions including ITB Asia, the Singapore Airshow and Food&HotelAsia. Many of these events have picked Singapore as their choice destination year after year.”

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