Travel And Tourism in Singapore
Euromonitor International's Travel And Tourism in Singapore report offers a comprehensive guide to the market at a national level. It looks at travel accommodation, transportation, car rental, tourist attractions and retail travel. It identifies the leading companies and offers strategic analysis of key factors influencing the market, including background information on disposable income, annual leave and holiday taking habits.
Buy online to access strategic market analysis and an interactive statistical database of market size data for travel accommodation, transportation, car rental, travel retail, tourism attractions and health and wellness tourism, tourism inflows and outflows, tourism spending and company and brand shares.
Tables: 98 | Publication date: Mar 2008
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Car rental; Demand factors; Health & wellness tourism; Tourism flows domestic; Tourism flows inbound; Tourism flows outbound; Tourism receipts and expenditure; Tourist attractions; Transportation; Travel accommodation; Travel retail
Executive summary
Arrivals Grow Strongly, Exceed Targets
Arrivals showed a healthy improvement from 2005, mainly due to the growing expenditure on tourism and more affordable airfares from the traditional carriers and LCCs. Growth was fuelled by the aggressive promotions by the Singapore Tourist Board (STB) – "Uniquely Singapore" campaign, "BE in Singapore" targeting the MICE sector and the "4 million smiles" welcome for the IMF meeting.
Arrivals continued to be high from the top market Indonesia, and a very strong growth was seen from China and India. Strategic focus on the cluster industries of BTMICE led to high growth rates in BTMICE visitors, the highlight of the year being the prestigious IMF-World Bank meeting. STB's continuous efforts, development funds and innovations are expected to help achieve the 2015 target of 17 million visitors and S$30 billion in receipts.
Tourism Rejuvenated by the Finalisation of Companies for Integrated Resorts
With the lifting on the ban on casinos and the approvals for the integrated resorts awards were announced for bids for the two integrated resorts. The Las Vegas Sands Corp won the award for the integrated resort Marina Bay (top global commercial cum entertainment hub) and Gentling Group for the Santos integrated resort (best Asian family entertainment resort). In addition to boosting tourism, they are expected to create over 50,000 jobs, and improve GDP through growth in the construction sector and other tourism-related sectors.
LCCs Stimulate Air Travel, and Rapidly Attain High Market Shares
LCCs have seen a strong performance since opening in 2003, and now command 3% of airline values. They are led by Tiger Airways which reached its 2 million passenger landmark within two years of operation. Singapore's budget terminal (lowest global handling charges S$13 was opened in 2006 to cater to the rapid growth of LCCs
Hotel Sector Scores High Tariff Growth Due to Strong Demand
All types of hotels (premium as well as budget) recorded very high occupancies and room shortages were faced throughout the year. Although additional supply is expected with the launch of the integrated resorts, the ongoing high numbers of arrivals are expected to maintain strong demand for hotels, sustaining elevated room rates over the forecast period. Most high-end hotels underwent renovations to remain competitive and commanded premium rates due to the high quality rooms.
Outbound Tourism Shows Good Growth
Outbound tourism grew strongly mainly due to rising income levels, the trend for shorter but more frequent holidays and lower airfares from regional LCCs, facilitating more outbound travel to neighbouring countries. Outbound trips to China showed strongest growth followed by India. Japan, Australia, UK and USA also grew as popular traditional long haul markets, driven strongly by more affordable air fares.
Large Travel Agencies Thrive, but Stiff Price Competition in Smaller Agencies
Although larger agencies saw good growth due to demand from outbound and inbound travellers, midsized/smaller agencies faced fierce price competition within specific segments as well as fiercer competition from larger agencies and online companies such as Zuji. In order to survive, some smaller players had to reposition to serve niche segments while others had to enter into partnerships with large agencies, and some were forced to exit the industry. While package tours still dominate, flexible packages are expected to soon overtake these. Emerging attractive niches include medical tourism, education tourism, cruise holidays and sports (especially golf holidays).
Table of contents
TRAVEL AND TOURISM IN SINGAPORE : MARKET INSIGHT
EXECUTIVE SUMMARY
Arrivals Grow Strongly, Exceed Targets
Tourism Rejuvenated by the Finalisation of Companies for Integrated Resorts
LCCs Stimulate Air Travel, and Rapidly Attain High Market Shares
Hotel Sector Scores High Tariff Growth Due to Strong Demand
Outbound Tourism Shows Good Growth
Large Travel Agencies Thrive, but Stiff Price Competition in Smaller Agencies
KEY TRENDS AND DEVELOPMENTS
Economic Drivers
Legislative Environment
Government Tourism Policy and Sustainable Tourism
Consumer Lifestyles
Low Cost Carrier Development
Emerging Niche Sectors
Internet Developments
TERRORISM AND SECURITY
LEAVE ENTITLEMENT
CONSUMER DEMOGRAPHICS
Balance of Payments
MARKET INDICATORS
Table 1 Leave Entitlement: Volume 2005/2006
Table 2 Holiday Demographic Trends 2001-2006
Table 3 Holiday Takers by Sex 2001-2006
Table 4 Holiday Takers by Age 2001-2006
Table 5 Length of Domestic Trip: 2001-2006
Table 6 Length of Outbound Departure: 2001-2006
Table 7 Seasonality of Trips 2005/2006
MARKET DATA
Table 8 Balance of Tourism Payments: Value 2001-2006
DEFINITIONS
Tourism Parameters
Travel Accommodation
Transportation
Car Rental
Travel Retail
Tourist Attractions
Health and Wellness
Internet Sales
Internet Sales: Dynamic Packaging
Internet Sales: Traditional Package Holiday
Sustainable Tourism
Sources
Summary 1 Research Sources
LOCAL COMPANY PROFILES - SINGAPORE
CHAN BROS TRAVEL PTE LTD - TRAVEL AND TOURISM - SINGAPORE
STRATEGIC DIRECTION
KEY FACTS
Summary 2 Chan Brothers Travel Pte Ltd: Key Facts
Summary 3 Chan Brothers Travel Pte Ltd: Operational Indicators 2004-2006
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 4 Chan Brothers Travel Pte Ltd: Competitive Position 2006
RAFFLES THE PLAZA - TRAVEL AND TOURISM - SINGAPORE
STRATEGIC DIRECTION
KEY FACTS
Summary 5 Raffles The Plaza: Key Facts
Summary 6 Raffles The Plaza: Operational Indicators 2004-2006
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 7 Raffles The Plaza: Competitive Position 2006
SINGAPORE AIRLINES LTD (SIA) - TRAVEL AND TOURISM - SINGAPORE
STRATEGIC DIRECTION
KEY FACTS
Summary 8 Singapore Airlines Ltd (SIA): Key Facts
Summary 9 Singapore Airlines Ltd (SIA): Operational Indicators 2004-2006
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 10 Singapore Airlines Ltd (SIA): Competitive Position 2006
TIGER AIRWAYS PTE LTD - TRAVEL AND TOURISM - SINGAPORE
STRATEGIC DIRECTION
KEY FACTS
Summary 11 Tiger Airways Pte Ltd: Key Facts
Summary 12 Tiger Airways Pte Ltd: Operational Indicators 2004-2006
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 13 Tiger Airways Pte Ltd: Competitive Position 2006
ZUJI TRAVELS PTE LTD - TRAVEL AND TOURISM - SINGAPORE
STRATEGIC DIRECTION
KEY FACTS
Summary 14 Zuji Travels Pte Ltd: Key Facts
Summary 15 Zuji Travels Pte Ltd: Operational Indicators 2004-2006
COMPANY BACKGROUND
COMPETITIVE POSITIONING
TOURISM FLOWS INBOUND IN SINGAPORE
HEADLINES
TRENDS
COUNTRY OF ORIGIN
INBOUND DEMOGRAPHIC PROFILE
MODE OF TRANSPORT
PURPOSE OF VISIT
INCOMING TOURIST RECEIPTS BY COUNTRY
PROSPECTS
SECTOR DATA
Table 9 Arrivals by Country of Origin: 2001-2006
Table 10 Arrivals by Purpose of Visit: 2001-2006
Table 11 Leisure Arrivals by Type 2005-2006
Table 12 Business Arrivals: MICE Penetration 2005-2006
Table 13 Arrivals by Method of Transport: 2001-2006
Table 14 Incoming Tourist Receipts by Country 2001-2006
Table 15 Tourism Expenditure by Sector: Value 2001-2006
Table 16 Method of Payments for Incoming Tourist Receipts: % Breakdown 2005/2006
Table 17 Forecast Arrivals: 2006-2011
Table 18 Forecast Incoming Tourism Receipts: 2006-2011
TOURISM FLOWS OUTBOUND IN SINGAPORE
HEADLINES
DESTINATIONS
MODE OF TRANSPORT
PURPOSE OF VISIT
OUTBOUND DEMOGRAPHIC PROFILE
OUTGOING TOURIST EXPENDITURE
PROSPECTS
SECTOR DATA
Table 19 Departures by Destination: 2001-2006
Table 20 Leisure Departures by Type 2005-2006
Table 21 Business Departures: MICE Penetration % Breakdown 2005-2006
Table 22 Departures by Mode of Transport: 2001-2006
Table 23 Departures by Purpose of Visit: 2001-2006
Table 24 Outgoing Tourist Expenditure by Sector: Value 2001-2006
Table 25 Method of Payments for Outgoing Tourism Spending: % Breakdown 2006
Table 26 Forecast Departures: 2006-2011
Table 27 Forecast Outgoing Tourism Expenditure: 2006-2011
TOURISM FLOWS DOMESTIC IN SINGAPORE
HEADLINES
TRENDS
DESTINATIONS
MODE OF TRANSPORT
PURPOSE OF VISIT
DOMESTIC TOURISM RECEIPTS
PROSPECTS
SECTOR DATA
Table 28 Domestic Tourist Expenditure: 2001-2006
Table 29 Expenditure per Domestic Trip: 2001-2006
Table 30 Domestic Trips by Destination: 2001-2006
Table 31 Domestic Trips by Purpose of Visit: 2001-2006
Table 32 Method of Payments for Domestic Tourism Spending: % Breakdown 2005/2006
Table 33 Forecast Domestic Tourism: 2006-2011
Table 34 Forecast Domestic Tourist Expenditure: 2006-2011
TRAVEL ACCOMMODATION IN SINGAPORE
HEADLINES
TRENDS
HOTELS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 35 Travel Accommodation Sales by Sector: Value 2001-2006
Table 36 Travel Accommodation by Sector: Units 2001-2006
Table 37 Regional Hotel Parameters 2006
Table 38 Hotel National Brand Owners by Key Performance Indicators 2006
Table 39 Hotel National Brand Owners by Market Share 2002-2006
Table 40 Forecast Travel Accommodation Sales by Sector: Value 2006-2011
Table 41 Forecast Travel Accommodation by Sector: Units 2006-2011
TRANSPORTATION IN SINGAPORE
HEADLINES
TRENDS
AIRLINES
PRIVATE JETS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 42 Transportation Sales by Sector: Value 2001-2006
Table 43 Airline Capacity: 2001-2006
Table 44 Airline Utilisation: 2001-2006
Table 45 Airline % Utilisation 2001-2006
Table 46 Airline Volume Sales by Seat Class: % Breakdown: 2001-2006
Table 47 Airline Volume Sales by Distance: % Breakdown: 2001-2006
Table 48 Transportation Internet Sales by Direct Suppliers and Intermediaries: Internet Transaction Value 2001-2006
Table 49 Key Airlines Key Performance Indicators 2006
Table 50 Airline Market Shares 2002-2006
Table 51 Forecast Transportation Sales by Sector: Value 2006-2011
Table 52 Forecast Transportation Internet Sales by Sector: Internet Transaction Value 2006-2011
CAR RENTAL IN SINGAPORE
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 53 Car Rental Sales by Sector and Location: Value 2001-2006
Table 54 Structure of Car Rental Market: 2001-2006
Table 55 Average Car Rental Duration by Sector 2004-2006
Table 56 Average Car Rental Duration: % Breakdown 2005/2006
Table 57 Time of Booking: % Breakdown 2005/2006
Table 58 Car Rental Internet Sales by Direct Suppliers and Intermediaries: Internet Transaction Value 2001-2006
Table 59 Key Car Rental Companies' Key Performance Indicators 2006
Table 60 Car Rental Market Shares 2002-2006
Table 61 Forecast Car Rental Sales by Sector: Value 2006-2011
Table 62 Forecast Car Rental Internet Sales by Sector: Internet Transaction Value 2006-2011
TRAVEL RETAIL IN SINGAPORE
HEADLINES
TRENDS
GROWTH SECTORS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 63 Travel Retail Outlets by Sector: Units 2001-2006
Table 64 Travel Retail Sales by Product: Value 2001-2006
Table 65 Travel Retail Sales by Destination: % Value Breakdown 2001-2006
Table 66 Travel Retail Internet Sales by Direct Suppliers and Intermediaries: Internet Transaction Value 2001-2006
Table 67 Travel Retail Internet Sales by Sector: Internet Transaction Value 2001-2006
Table 68 Key Travel Retail Companies by Number of Outlets 2006
Table 69 Travel Retail Products Market Shares 2002-2006
Table 70 Forecast Travel Retail Outlets by Sector: Units 2006-2011
Table 71 Forecast Travel Retail Sales by Product: Value 2006-2011
Table 72 Forecast Travel Retail Internet Sales by Direct Suppliers and Intermediaries: Internet Transaction Value 2001-2006
TOURIST ATTRACTIONS IN SINGAPORE
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 73 Tourist Attractions by Sector: Value 2001-2006
Table 74 Tourist Attractions by Sector: 2001-2006
Table 75 Tourist Attractions Internet Sales by Direct Suppliers and Intermediaries: Internet Transaction Value 2001-2006
Table 76 Leading Tourist Attractions by Visitors 2001-2006
Table 77 Forecast Tourist Attractions by Sector: Value 2006-2011
Table 78 Forecast Tourist Attractions by Sector: 2006-2011
Table 79 Forecast Tourist Attractions Internet Transaction Value Sales by Sector: Internet Transaction Value 2006-2011
HEALTH & WELLNESS TOURISM IN SINGAPORE
HEADLINES
TRENDS
PROSPECTS
SECTOR DATA
Table 80 Number of Hotel/Resort Spas: Units 2001-2006
Table 81 Spa Sales by Type: Value 2001-2006
Table 82 Spa Consumer Markets: Domestic Tourism 2005-2006
Table 83 Spa Consumer Markets: Arrivals 2005-2006