2014-02-07 20:17:01 - Singapore Tourism Report Q1 2014 - a new market research report on companiesandmarkets.com
The Singapore tourism report examines the enormous long-term potential offered by the country´s wellestablished tourism market. Being located in the midst of the burgeoning Asia Pacific region, Singapore is increasingly popular as a transit hub for long-haul travellers, and with its modern and efficient transport infrastructure, it is sure to benefit from growth.
Inbound travel to Singapore has seen substantial increases in recent years, with 2010 in particular seeing more than 20% year-on-year growth. While the growth rate is expected to decline slightly to around 7% to 8% per year over our forecast period to 2017, this is still strong, and will lead to an inbound arrivals figure of 20.6mn by 2017. Much of this growth is based on the strength
of major source markets in the Asia Pacific region, particularly China, which is likely to offset any decline in travel from Europe and North America in the event of a return to negative economic conditions in these areas.
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