Singapore slowdown “time to regroupâ€
SINGAPORE – Singapore’s hotel industry should take advantage of the slight slowing down of business as a breather and “take this time to regroup, rethink and prepare” for the slew of exciting tourism projects planned for Singapore by 2010.
Speaking at the Singapore Hotel Association-Real Estate Developers Association of Singapore seminar, deputy chairman and CEO of the Singapore Tourism Board (STB), Lim Neo Chian, said that in line with the global economic blip, visitor arrivals to Singapore have slowed down – in April and May 2008, arrivals grew at a slower year-on-year rate of 0.8%.
“With uncertainty over the extent of impact that the global economy will have on Singapore’s tourism sector performance, it is prudent to expect the growth to remain modest at least in the short term,” he said.
However, he said that with so many exciting tourism projects coming Singapore’s way by 2010, the STB was confident the growth momentum “will pick up and sustain over mid- to long term”.
By 2010, he said, visitor arrivals are expected to surge to 14 million. “The average number of visitors in Singapore at any one time is expected to increase from about 100,000 in 2007 to 155,000 in 2010.”
Lim said that Singapore also needed more hotels with the “wow” factor which can become attractions in their own right such as the Tides South Beach on Miami Beach, Florida, Selinda Camp in Botswana, and London’s boutique Haymarket Hotel.
Source: STB P@assport.
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