Singapore Tourism Report Q3 2016 - New Study Released

Singapore has a very well-developed and established tourism sector and we continue to retain a positive and optimistic outlook for the sector. The country will remain a popular stopover destination f or long-haul travellers and is a growing short-haul destination for travellers from countries throughout the Asia Pacific region. Singapore, a small city state, offers a broad range of tourism activities and we believe international arrivals will grow at a robust pace going forward. Out to 2020, arrivals will be bolstered by ongoing public investment in transportation and global advertisement campaigns that are very proactive in nature. The economic growth in source markets such as Indonesia and China will provide another boost to already high tourism related expenditures and industry values.

Key Updates And Forecasts

Full Report Details at
- http://www.fastmr.com/prod/1182915_singapore_tourism_report_q3.aspx?afid=301

Preliminary data from the Tourism office states that total arrivals in Q1 2016 totalled 4.147mn, a year-over-year increase of 13.8%. These numbers are well within the STB's targets at an annualized rate. We estimate that the country saw about 15.5mn arrivals in 2015.

Much of the growth came from key regional source markets such as China (an annual increase of 21%), India (up 7%) and Taiwan (up 11%).

A weak Singapore dollar will continue support the competitiveness of Singapore's tourism sector over the next 12 months in a challenging regional economic environment.

The Singapore Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Singapore Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Singaporean tourism industry.

Key Benefits
Benchmark BMI's independent tourism industry forecasts for Singapore to test other views - a key input for successful budgetary and planning in the Singaporean tourism market.
Target business opportunities and risks in the Singaporean tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Singapore.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.

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