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Market Research Reports, Inc. (www.marketresearchreports.com): Travel and Tourism in Singapore to 2018, New Report Launched(M2 PressWIRE Via Acquire Media NewsEdge) Market Research Reports, Inc. has announced the addition of "Travel and Tourism in Singapore to 2018" research report to their website http://www.marketresearchreports.com Singapore is a leading tourism destination that recorded significant growth in inbound arrivals during the review period (2009-2013). Tourism is a priority sector in Singapore, and therefore attracts a large amount of investment. The government has made continual efforts to develop and promote the country's tourism offerings including leisure tourism, business tourism and niche areas such as medical and cruise tourism. The report provides detailed market analysis, information and insights, including: - Historic and forecast tourist volumes covering the entire Singapore travel and tourism sector - Detailed analysis of tourist spending patterns in Singapore for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transport, retail, travel intermediaries, and others - Detailed market classification across each category, with analysis using similar metrics - Detailed analysis of the airline, hotel, car rental and travel intermediaries industries Scope This report provides an extensive analysis related to the tourism demands and flows in Singapore: - It details historical values for the Singaporean tourism sector for 2009-2013, along with forecast figures for 2014-2018 - It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009-2013 review period and the 2014-2018 forecast period - The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Singapore. - It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009-2013 review period and the 2014-2018 forecast period. Reasons to Buy - Take strategic business decisions using historic and forecast market data related to the travel and tourism sector in Singapore . - Understand the demand-side dynamics within the Singaporean travel and tourism sector, along with key market trends and growth opportunities. Key Highlights - Domestic tourism in Singapore is limited due the small size of the country and the residents' preference for domestic daytrips instead of overnight stays. The total number of domestic trips increased from 97,510 trips in 2009 to 136,596 trips in 2013, at a review-period CAGR of 8.79%, driven by an increase in mean household income and the spending power of domestic consumers. - The government has been making continuous efforts to develop tourist destinations within the country to attract international tourists. For example, Singapore Sports Hub, developed in place of the National Stadium (which was closed in 2007), opened in June 2014. The sports hub, developed with an investment of US$1.3 billion, is expected to become a leading sporting and entertainment events arena. - Singapore is known for its pro-business environment, which attracts foreign investments and business entrepreneurs. It has retained its leading position in the World Bank's Ease of Doing Business rankings since 2006 and held the first rank (out of 189 countries) in 2014. Among the contributing factors, the country held first rank in terms of trading across border, second in terms of protecting investors and third in terms of starting a business. - International arrivals for leisure purposes recorded the highest review-period CAGR of 14.62%, equivalent to 4.5 million tourists arrival in 2013. Other personal trips recorded the second-highest CAGR of 14.45% during the review period. Singapore is a leading air transport hub in the Southeast Asian region, with international arrivals by air accounting for 77.0% of the total arrivals in 2013, making it the preferred mode of transport. Additionally, except for land accessibility from Malaysia, the country is accessible only through air and sea. - The volume of outbound tourists is expected to rise at a forecast-period CAGR of 5.61%. Outbound tourism expenditure is also expected to rise from SGD29.4 billion (US$23.5 billion) in 2013 to SGD42.0 billion (US$33.1 billion) in 2018, at a forecast-period CAGR of 7.39%. Rising disposable income and ease of travel to preferred destinations can be attributed for the growth - The airline market in Singapore performed significantly well during the review period, with total revenue increasing from SGD24.4 billion (US$16.8 billion) in 2009 to SGD35.7 billion (US$28.6 billion) in 2013 at a CAGR of 9.96%. Growth was recorded in the revenue of LCCs who posted the highest review-period CAGR of 18.52%, followed by charter airlines with a CAGR of 13.07%, and full-service airlines with a CAGR of 8.85%. At Changi Airport, LCCs accounted for 25% of the passenger traffic in 2012 with 11.9 million passengers opting for LCCs. - The number of hotel establishments in Singapore is expected to increase from 363 in 2013 to 451 in 2018, at a forecast-period CAGR of 4.44%, driven by increase in the demand for new hotels and the resultant increase in investment. The volume of rooms is also expected to increase from 55.461 in 2013 to 73,839 in 2018, at a forecast-period CAGR of 5.89%. - Singapore has a small car rental market with total market value recorded at SGD135.5 million (US$108.4 million) in 2013, rising at a review-period CAGR of 5.82%. The majority of car rental revenues 51.3% were generated at non-airport locations in 2013. Business car rentals accounted for 57.8% of the total car rental value in 2013, as compared to leisure car rental with a share of 26.9%. Business car rentals also recorded the highest review-period CAGR of 6.53%. The growth was driven by rising number of international events and meetings being hosted in the country leading to a rise in business. - Singapore's travel intermediaries' market value increased at a review-period CAGR of 13.32% to reach SGD4.2 billion (US$3.4 billion) in 2013. The growth can be attributed to government initiatives that promote Singapore's tourism offerings in key source countries, tour operators and travel agents offering discounts on early reservations and offers on packaged deals including hotels and flights. Spanning over 197 pages, 132 Tables and 79 Figures "Travel and Tourism in Singapore to 2018" report covering the Executive Summary, The Travel and Tourism Sector In Context, Country Fact Sheet, Tourism Flows, Airlines, Hotels, Car Rental, Travel Intermediaries, Tourism Board Profile, Airport Profiles, Company Profiles, Market Data Anlaysis, Appendix. This report Covered 20 Companies - Singapore Airlines Ltd, Qantas Airways Singapore, Tiger Airways Singapore Pte Ltd, AirAsia Singapore, Cathay Pacific Singapore, Hotel 81 Management Pte Ltd, Global Premium Hotels Ltd, Sino Hotels (Holdings) Ltd, Santa United International Holdings Pte Ltd, Sentosa Pte Ltd, Luxury Tours & Travel Pte Ltd, RMG Tours Pte Ltd, Chan Brothers Travel Pte Ltd, Sino-America Tours Corporation Pte Ltd, Commonwealth Travel Service Corporation Pte Ltd, Europcar Singapore, Sixt Rent a Car Singapore, Budget Rent A Car Singapore, Avis Car Rental Singapore, Hertz Rent a Car Singapore. Know more about this report at - http://mrr.cm/Zuo Find all Travel and Leisure Reports at: http://www.marketresearchreports.com/travel-leisure About Market Research Reports, Inc. Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends. Contact Us: Mr. Amitava Sen Vice President - Sales & Marketing Market Research Reports, Inc. Tel USA: +1-302-703-7787+1-302-703-7787 Tel India: +91-80-26860858+91-80-26860858 For regular industry updates subscribe to our newsletter at: http://www.marketresearchreports.com/subscribe-to-newsletter ( Market Research Reports, Inc. )CallSend SMSAdd to SkypeYou'll need Skype CreditFree via Skype . (c) 2014 M2 COMMUNICATIONS |