Question 1: The performance of the Singapore Tourism industry in the last 5 years:
Singapore is one of the most popular tourist destinations in Asia-Pacific region. Tourism industry in Singapore is growing very rapidly for the past several years. Tourism industry is strengthening by the infrastructure developments, various events and the countries strategic location in the heart of region.
Tourism in Singapore is a major industry and contributor to the Singaporean economy, attracting 13,171,303 tourists in 2011, over twice Singapore's total population. Singapore attracted a record 11,638,663 visitors according to the Singapore Tourism Board's statistics, but which excludes Malaysian visitors ...view middle of the document...
The full-year TR came in at S$23.5 billion, a 2 per cent year-on-year increase, while IVA grew 7 per cent to 15.6 million, a Singapore Tourism Board report showed.
IVA in the fourth quarter of 2013 held steady against the same period in 2012.
While most of Singapore's key markets grew, arrivals from China saw a 31 per cent decline due to the country's new tourism law that took effect from October 1, 2013.
However, the new law did not have an adverse impact on the spending by Chinese visitors, which grew a slight one per cent in the fourth quarter of last year.
Tourism receipts for Q4 were estimated at S$5.7 billion, a 5 per cent decline over the same period a year ago.
Most major TR components registered a decline, with the exception of accommodation which rose 7 per cent.
Shopping and sightseeing, entertainment & gaming (SEG) recorded the largest declines of 10 per cent and 9 per cent respectively.
Gazetted hotel room revenue grew 4.7 per cent to S$0.7 billion in Q4 and 3.9 per cent to S$2.9 billion for the whole of last year.
Singapore is maturing and growing in stature as a global city.
In the past year, more sophisticated offerings—from unique
attractions to celebrity restaurants and exciting events—continue
to add weight to Singapore’s position as a key leisure and business
destination of global significance.
Tourism is one of the largest service sectors of Singapore. As of 2007, the tourism industry contributed 3% to Singapore’s GDP, and generated US$ 9.4 Billion in tourism receipts. This clearly shows the important role tourism industry plays in Singapore’s economy.