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Singapore Tourism Case Analysis

2560 Words11 Pages

Research Paper
On
Case Analysis on Economy of Tourism

By -
Monty Singh
SMBA 14038

Contents
• Objective of studies
• Introduction to tourism
• Research method
• Study of global scenario(analysis of facts & figures)
 About various countries
 Revenue, GDP, per capita income.
• Case analysis of Singapore
• Introduction to Singapore tourism
• Scenario of Singapore tourism of previous years(analysis of facts & figures)
• Conclusion
• References

Objective of the study
The main aim of this project is to assess the impact of ‘tourism’ on the ‘economy of the world’& analyse it with a case study. I have taken Singapore as a country …show more content…

This is predicted to rise by 4.3% to USD2, 248.2bn in 2014. This shows the economic ventures generated by relevant industries such as hotels, travel agents, airlines and other transport services specifically for passengers. It also includes the revenue generated by restaurants and hotels frequented by tourists. The direct contribution of Travel & Tourism to GDP is expected to grow by 4.2% pa to USD3, 379.3bn (3.1% of GDP) by 2024(4). Direct Contribution of travel & tourism to world GDP (4) As we see from 2004 to 2013 there is a major GDP contribution from tourism sector for an economy point of view which was rises from 1800USDbn to 2000USDbn from the year 2004 to 2013,which will increased to 3400USDbn by 2024 as shown in graph. According to forecast of world travel & tourism council, there is a rise by 4.2% pa to USD10, 965.1bn by 2024 (10.3% of …show more content…

The tourism industry alone employs more than 98 million people directly i.e. is representing over 3% of all employment. This share of world employment in travel and tourism is greater than any other industries combined, across every region of world. This industry is relatively positive. The job in travel and tourism is forecast to an average of 9% per year over the past years. So, according to world travel and tourism council data: Travel & Tourism generated 100,894,000 jobs directly in 2013 (3.4% of total employment) and this should grow by 2.2% in 2014 to 103,069,000 (3.4% of total employment).

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