Singapore Tourist Arrival Rate to Increase 10.18% Annually to 2015 Says New Report

April 27, 2010 - PRLog -- The report “Singapore Travel & Tourism Market 2009 -2015” provides an in-depth analysis of the present and future prospects of the Singapore travel and tourism industry.

Globally International tourist arrivals reached 922.4 Million, up from 904.3 Million in 2007, representing a growth of 2%. It is estimated that by 2020 international tourist’s arrival will cross the mark of 1.5 Billion tourist’s arrivals globally. Singapore Inbound tourist arrivals have crossed the 10 Million mark by the end of 2008.
 
The 61 page report says inbound tourist arrival in Singapore will increase with a CAGR value of around 10.18% for the period spanning from 2009-2015. It is forecasted that Singapore tourism receipts will increase with a CAGR value 15.71 % for the period spanning 2009-2015. Business Meetings, Incentives, Conventions, Exhibitions are the second highest region for travellers to visit Singapore from 2006 to 2008 and it’s increasing its share rapidly.

Singapore hotel room revenue has grown with a CAGR of 15.5% for the period of 2004 to 2008.Internet is the most preferred medium to gather information by tourist, In 2008 more than 50% tourists gathered information from internet. Singapore cruise passenger is expected to cross the figure of 1 Million by 2015.Formula One Grand Prix Race is attracting lots of tourists to Singapore and generated more than US$ 100 Million of Tourism Receipts in 2008.

The report “Singapore Travel & Tourism Market 2009 -2015” is available from Report Buyer at:
http://www.reportbuyer.com/transport_travel/country_overv...

Report Buyer product ID: RNR00008

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