Singapore’s Tourism Board And NATAS To Partner With The FinLab To Help Travel Agencies Evolve Through Digital Transformation

Source: https://www.opengovasia.com/articles/singapores-tourism-board-and-natas-to-partner-with-the-finlab-to-help-travel-agencies-evolve-through-digital-transformation

The Ministry of Communications and Information announced that The FinLab would be collaborating with the Singapore Tourism Board (STB) and the National Association of Travel Agents Singapore (NATAS) to help travel agencies evolve and renovate their businesses via a digital transformation programme for the selected businesses.

Singapore’s economy relies heavily on the tourism industry, which accounts for approximately four per cent of its annual gross domestic product. However, changing consumer behaviour and the growing competition for tourism dollars regionally pose a significant challenge to the industry.

Consequently, to ensure the industry’s continued growth, it is important for members of the industry to grasp the currently available opportunities in the online travel market, particularly those in the Asia Pacific online travel market, which is expected to grow by 13 per cent by focusing on technological transformation.

None the less, it was noted that despite most consumers moving to online booking sites, travel agencies retain the opportunity to go beyond the usual issuance of e-tickets and vouchers and, in addition to these services, provide consumers with more personalised services. Thus, travel agencies must understand how they can apply digital solutions to understand and connect more effectively with their target audience along with personal interaction.

In the face of a dynamic economic landscape in Singapore, travel agencies and the companies and initiatives that seek to help them grow and transform must remain constantly cognizant of the challenges that SMEs (small and medium-sized enterprises) face in harnessing the potential of technology and in transforming it into benefits for their businesses.

Experts maintain that in order for the travel industry to continue to capitalise on growth opportunities in the long-term it must continue to innovate. One avenue to do this is to collaborate with partners who have the expertise to assist Singapore’s travel agents in developing digital competencies.

The FinLab, a partnership between SGInnovate and United Overseas Bank (UOB), is a business accelerator formed to propel technology companies and catalyse the digital transformation of businesses.

The FinLab’s programme presents the selected Singaporean travel agencies the opportunity to not only connect to The Finlab’s ecosystem of associates to transform their business digitally but also enables them to use what they have learned to improve their business’ performance, enhance consumer experiences and seize business opportunities present in the digital economy.

Ms Ong Ling Lee, Director at Travel Agents and Tourist Guides, STB stated that their collaboration with The FinLab is one of several initiatives created to support travel agencies and help them grown and transform their businesses in an increasingly competitive tourism market. “We hope that with the practical guidance provided by this acceleration programme, travel agents will be encouraged to take the first step towards achieving their growth ambitions”, Ms Lee added.

Advertisements

Asia’s largest cruise liner to be based in Singapore for 6 months from 2019

Source : http://www.straitstimes.com/

Asia’s largest cruise vessel, Quantum of the Seas, will call Singapore home for six months next year to tap the growing cruise market.

It will be Royal Caribbean International’s longest deployment to Singapore for a quantum class liner.

To be based from November next year until April 2020, the liner will undertake 34 sailings – to and from Penang, Kuala Lumpur, Phuket, Bangkok and Ho Chi Minh – carrying up to 150,000 passengers into or out of Singapore.

The 170,000 ton, 18-deck high ship can carry up to 4,905 passengers, a 30 per cent increase in capacity for Singapore sailings. Basing it here will enable Royal Carribean to tap into the growing cruise market.

“We see Singapore as key in our strategy on two fronts. One, as a vibrant economy and two, as the destination of choice for international markets as well,” said president and chief executive Michael Bayley.

Visit for More Reports on Tourism : http://www.dpiresearch.com/

Singapore Meetings, Incentives, Conventions, Exhibitions (MICE) Tourism Market Insights, Opportunity, Analysis, Market Shares & Forecast 2016 – 2021

Singapore MICE tourism market is projected to reach nearly US$ 2.5 Billion across the 20 countries covered in this reportby the year end of 2021.

Singapore is one of the world’s top MICE (Meetings, Incentives, Conventions & Exhibitions) destination. Singapore is a stellar MICE city, maintaining a perfect tourism impression among world-wide travelers with its stable and conducive business environment, convenient transportation, pleasant environment and well-appointed facilities. These factors tend to attract international organizations to base their regional offices in the city. Singapore has always been a magnetic venue for business and leisure. Sightseeing, catering, entertainment, business events and exhibitions together create an integrated tourism chain in this country. Facilities for both business and leisure such as World Resort Sentosa, Universal Studios Singapore, Merlion’s Park, Suntec Singapore and Singapore EXPO ensure Singapore’s position as a prime MICE destination.Singapore provides a conducive platform for MICE travelers to achieve their success in Singapore through a dynamic environment underpinned by vibrant knowledge, wide networks, ease of doing business and a sense of fun.

Browse full table of contents and data tables at : http://www.dpiresearch.com/report-details.php?P_ID=87

Singapore MICE Travelers Insights

China and Indonesia will be the major source market for Singapore MICE tourism by the year end of 2021. India will be the third leading source market for Singapore MICE tourism by 2021. Japan stand at the fourth spot with XX% share of the Singapore MICE tourist arrivals. South Korea and Thailand holds the fifth and sixth highest share of the Singapore MICE tourist arrivals, being followed by United States by the year end of 2021.

Singapore MICE Tourism Market Revenue Insights

Japan MICE travelers has enjoyed a significant role in contributing revenue to the Singapore economy in 2015. Japan contributed 18.1% share in 2015 but Japan will not retain its #1 position in the revenue generator due to the fall in the MICE travelers’ in Singapore.  It is predicted that China, India and Indonesia will be leading revenue generators by the year end of 2021. Other countries such as South Korea, United States and Thailand will also be the major revenue generators by the year end of 2021.

The research report titled  Singapore Meetings, Incentives, Conventions, Exhibitions (MICE) Tourism Market Insights, Opportunity, Analysis, Market Shares & Forecast 2016 – 2021” provides detailed information on the Singapore MICE Tourism Market. This report analyzes market data and provides a better understanding of MICE travelers flows and revenue to Singapore. Market outlook in value terms for the forecasted period for Singapore MICE tourism market has been detailed in the report. This report also entails a detailed description of growth drivers and challenges of the Singapore MICE tourism market.

This 115 Page report with 84 Figures and 4 Tables has been analyzed from 5 viewpoints:

1.    Singapore MICE Travelers, Revenue & Forecast (2010 – 2021)

2.    Singapore MICE Travelers, Revenue Share & Forecast (2010 – 2021)

3.    Singapore MICE Travelers, Revenue & Forecast –  Top 20 Country Analysis (2010 –  2021)

4.    Singapore MICE Tourism Market – Growth Drivers

5.    Singapore MICE Tourism Market – Challenges

Singapore MICE Tourism Market – 20 Countries Covered

 

1.    Indonesia

2.    Malaysia

3.    Philippines

4.    Japan

5.    Thailand

6.    China

7.    Taiwan

8.    Hong Kong

9.    South Korea

10.  India

11.  France

12.  Germany

13.  Italy

14.  Netherlands

15.  United Kingdom

16.  Canada

17.  United States

18.  New Zealand

19.  Australia

20.  South Africa

Outbound Tourism Market in India Witness Huge Growth

India outbound tourism market is expected to exceed US$ 45 Billion by 2025.

“India Outbound Tourism Market Analysis 2012 – 2017 and Forecast 2018 – 2025” offers the most up-to-date industry data on the actual market situation and future outlook for India outbound tourism market. The report uses data and analysis to discuss potential lucrative opportunities and future trends related to India international travelers visitation, spending, purpose of visits and main destination markets. The report provides clear insight into current and future tourism developments of the India outbound tourism market. Furthermore, this report uses country focused analysis to explore India outbound tourism market.
A detailed country-wise analysis of the market is provided, covering a total of 16 nations. The research study limelight growth drivers and investigates market inhibitors of India outbound tourism market.
The countries included in this report are: 
Singapore, Thailand, United States, Hong Kong, Australia, China, Japan, Korea, New Zealand, Sri Lanka, Taiwan, Nepal, Cambodia, Mauritius, United Kingdom and Canada
Key Findings:
•India has become one of the fastest growing outbound travel markets in the world
•In 2017, there were more than 23 Million outbound tourist departures from India
•India ranks top in terms of number of visitor arrivals to Singapore and Thailand
•Indian travelers likely to become major spenders in the United States
The Latest Industry Data Included in this Report:
•India Outbound Tourism Market (2012 – 2025)
•India Outbound Travelers Visitation & Forecast (2012 – 2025)
•India Outbound Travelers Spending & Forecast (2012 – 2025)
•India Outbound Travelers Visitation Share & Forecast (2012 – 2025)
•India Outbound Travelers Spending Share & Forecast (2012 – 2025)
•16 Countries Indian Travelers Visitation & Forecast (2012 – 2025)
•16 Countries Indian Travelers Purpose of Visit & Forecast (2012 – 2025)
•16 Countries IndianTravelers Spending & Forecast (2012 – 2025)
•Identification of Key Drivers and Inhibitors of the India Outbound Tourism Market
Table of Content
1. Executive Summary

2. India Outbound Tourism Market (2012 – 2025) 
2.1 India Outbound Travelers Visitation
2.2 India Outbound Travelers Spending
3. India Outbound Tourism Market Share (2012 – 2025) 
3.1 India Outbound Travelers Visitation Share
3.2 India Outbound Travelers Spending Share
4. Key Market Drivers and Inhibitors of the India Outbound Tourism Market
4.1 Market Drivers
4.2 Market Inhibitors
5. India Outbound Tourism Market – Country Analysis (2012 – 2025)
5.1 Singapore – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.1.1 India Outbound Travelers Visitation to Singapore
5.1.2 India Outbound Travelers Purpose of Visit to Singapore
5.1.3 India Outbound Travelers Spending in Singapore
5.2 Thailand – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.2.1 India Outbound Travelers Visitation to Thailand
5.2.2 India Outbound Travelers Purpose of Visit to Thailand
5.2.3 India Outbound Travelers Spending in Thailand
5.3 United States – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.3.1 India Outbound Travelers Visitation to United States
5.3.2 India Outbound Travelers Purpose of Visit to United States
5.3.3 India Outbound Travelers Spending in United States
5.4 Hong Kong – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.4.1 India Outbound Travelers Visitation to Hong Kong
5.4.2 India Outbound Travelers Purpose of Visit to Hong Kong
5.4.3 India Outbound Travelers Spending in Hong Kong
 
5.5 Australia – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.5.1 India Outbound Travelers Visitation to Australia
5.5.2 India Outbound Travelers Purpose of Visit to Australia
5.5.3 India Outbound Travelers Spending in Australia
5.6 China – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.6.1 India Outbound Travelers Visitation to China
5.6.2 India Outbound Travelers Purpose of Visit to China
5.6.3 India Outbound Travelers Spending in China
5.7 Japan – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.7.1 India Outbound Travelers Visitation to Japan
5.7.2 India Outbound Travelers Purpose of Visit to Japan
5.7.3 India Outbound Travelers Spending in Japan
5.8 Korea- India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.8.1 India Outbound Travelers Visitation to South Korea
5.8.2 India Outbound Travelers Purpose of Visit to South Korea
5.8.3 India Outbound Travelers Spending in Korea
 
5.9 New Zealand – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.9.1 India Outbound Travelers Visitation to New Zealand
5.9.2 India Outbound Travelers Purpose of Visit to New Zealand
5.9.3 India Outbound Travelers Spending in New Zealand
5.10 Sri Lanka – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.10.1 India Outbound Travelers Visitation to Sri Lanka
5.10.2 India Outbound Travelers Purpose of Visit to Sri Lanka
5.10.3 India Outbound Travelers Spending in Sri Lanka
5.11 Taiwan – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.11.1 India Outbound Travelers Visitation to Taiwan
5.11.2 India Outbound Travelers Purpose of Visit to Taiwan
5.11.3 India Outbound Travelers Spending in Taiwan
5.12 Nepal – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.12.1 India Outbound Travelers Visitation to Nepal
5.12.2 India Outbound Travelers Purpose of Visit to Nepal
5.12.3 India Outbound Travelers Spending in Nepal
 
5.13 Cambodia – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.13.1 India Outbound Travelers Visitation to Cambodia
5.13.2 India Outbound Travelers Purpose of Visit to Cambodia
5.13.3 India Outbound Travelers Spending in Cambodia
5.14 Mauritius – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.14.1 India Outbound Travelers Visitation to Mauritius
5.14.2 India Outbound Travelers Purpose of Visit to Mauritius
5.14.3 India Outbound Travelers Spending in Mauritius
5.15 United Kingdom – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.15.1 India Outbound Travelers Visitation to United Kingdom
5.15.2 India Outbound Travelers Purpose of Visit to United Kingdom
5.15.3 India Outbound Travelers Spending in United Kingdom
5.16 Canada – India Outbound Travelers Visitation, Purpose of Visit, Spending & Forecast
5.16.1 India Outbound Travelers Visitation to Canada
5.16.2 India Outbound Travelers Purpose of Visit to Canada
5.16.3 India Outbound Travelers Spending in Canada
5.17 Other Countries – India Outbound Travelers Visitation, Spending & Forecast
5.17.1 India Outbound Travelers Visitation to Other Countries
5.17.2 India Outbound Travelers Spending in Other Countries

China Outbound Travel and Tourism Market Analysis 2012 – 2017 and Forecast 2018 – 2024

China Outbound Tourism Market is expected to exceed US$ 163 Billion by 2024.
Market growth can be attributed to factors such as increased affluence of Chinese citizens, increased air connectivity, the easing of visa restrictions around the globe, consumer confidence and appetite for outbound travel.
The report “China Outbound Travel and Tourism Market Analysis 2012 – 2017 and Forecast 2018 – 2024” offers the most up-to-date industry data on the actual market situation and future outlook for China outbound tourism market. The report uses data and analysis to discuss potential lucrative opportunities and future trends related to China international travelers visitation, spending, purpose of visits and main destination markets. The report provides clear insight into current and future tourism developments of the China outbound tourism market. Furthermore, this report uses country focused analysis to explore China outbound tourism market.
A detailed country-wise analysis of the market is provided, covering a total of 11 nations. The research study limelight growth drivers and investigates market inhibitors of China outbound travel & tourism.
The countries included in this report are Taiwan, Hong Kong, Japan, Singapore, United States, Australia, New Zealand, Nepal, Sri Lanka, Cambodia and Korea
Key Findings:
  •   The number of Chinese travelers to Korea has dropped by more than 40 percent in 2017
  •   Visa requirements for Chinese travelers visiting Japan were eased from 2017
  •   China is the largest source market for Taiwan tourism
  •   China ranks top in terms of number of visitor arrivals to Hong Kong
  •   Chinese visitors spend more in the US than visitors from any other nation
  •   Travelers from China to Taiwan have dwindled in 2016 and 2017
  •   China outbound travelers mostly travel for the pleasure purposes
The Latest Industry Data Included in this Report:
  •   China Outbound Travel & Tourism Market (2012 – 2024)
  •   China Outbound Travelers Visitation & Forecast (2012 – 2024)
  •   China Outbound Travelers Spending & Forecast (2012 – 2024)
  •   China Outbound Travelers Visitation Share & Forecast (2012 – 2024)
  •   China Outbound Travelers Spending Share & Forecast (2012 – 2024)
  •   11 Countries Chinese Travelers Visitation & Forecast (2012 – 2024)
  •   11 Countries Chinese Travelers Purpose of Visit & Forecast (2012 – 2024)
  •   11 Countries Chinese Travelers Spending & Forecast (2012 – 2024)
  •   Identification of Key Drivers and Inhibitors of the China Outbound Travel & Tourism

More Details and Order @ http://www.dpiresearch.com/report-details.php?P_ID=123

Singapore hosts record 1.27 million Indian travelers in 2017

Source : https://timesofindia.indiatimes.com/

For the third time in a row, Singapore has registered record arrivals from India with 1.27 travelers visiting the country last year.

Over 1.1 million Indian travellers went to Singapore in 2016. Visitor arrivals from India into Singapore has crossed the one-million mark at 1.27 tourists, according to data from the Singapore Tourism Board (STB).

India has moved a notch higher in becoming the third biggest source market for Singapore, from fourth earlier, ahead of Malaysia, but behind China, Indonesia. Tourist arrivals from India also registered the highest growth rate of 16 per cent among all other markets, according to STB.

Six others out of the top 15 source markets, including China, witnessed over 13 per cent growth.
“We are happy that Singapore continues to be perceived as one of the must-visit destinations,” Singapore Tourism Board regional director – SAMEA, GB Srithar said.

The board plans to focus on deepening and expanding partnership with travel trade partners, informed Srithar.

Visit for More Reports on Tourism : http://www.dpiresearch.com/

 

 

Singapore Meetings, Incentives, Conventions, Exhibitions (MICE) Tourism Market

Singapore MICE tourism market is expected to exceed US$ 3 Billion by 2024.
Browse full table of contents and data tables at : http://www.dpiresearch.com/report-details.php?P_ID=124
The report “Singapore Meetings, Incentives, Conventions, Exhibitions (MICE) Tourism Market Analysis 2010 – 2017 and Forecast 2018 – 2024” offers the most up–to–date industry data on the actual market situation and future outlook for Singapore MICE tourism market. The report uses data and analysis to discuss potential lucrative opportunities and future trends related to Singapore MICE travelers flow, revenue and main destination markets. The report provides clear insight into current and future tourism developments of the Singapore MICE tourism market. Furthermore, this report uses country focused analysis to explore Singapore MICE tourism market.
A detailed country–wise analysis of the market is provided, covering a total of 20 nations. The research study also limelight growth drivers and investigates market inhibitors of Singapore MICE tourism market.
The countries included in this report are Indonesia, Malaysia, Philippines, Japan, Thailand, China, Taiwan, Hong Kong, South, Korea, India, France, Germany, Italy, Netherlands, United Kingdom, Canada, United States, New Zealand, Australia and South Africa
Key Findings:
• The MICE industry is one of the most lucrative segment of the Singapore tourism
   market
• Singapore will attract XX Million MICE travelers by 2024
• China will continue its #1 position in the Singapore MICE travelers by 2024
• India grasp the highest revenue share in 2017
• Indonesia and Japan have also shown its potential to become most popular
   MICE traveler nations
The Latest Industry Data Included in this Report:
  •   Singapore MICE Travelers Market & Forecast (2010 – 2024)
  •   Singapore MICE Travelers Arrival & Forecast (2010 – 2024)
  •   Singapore MICE Travelers Arrival Share & Forecast (2010 – 2024)
  •   Singapore MICE Travelers Revenue Share & Forecast (2010 – 2024)
  •   20 Countries Singapore MICE Travelers Arrival & Forecast (2010 – 2024)
  •   20 Countries Singapore MICE Travelers Revenue & Forecast (2010 – 2024)
  •   Identification of Key Market Drivers and Inhibitors of the Singapore MICE Tourism Market

Order a Copy of this Report at : http://www.dpiresearch.com/buy.php