Case analysis;
Economy of tourism of Singapore
This case helps us to analyse the economic impact of Singapore’s tourist industry and to evaluate the development from future point of view. in the economy of Singapore tourism is consider one of the most crucial sector .Singapore is consider one of the most eco- friendly country with well maintained its culture and heritage, although crime rate % is very low as compared to other Asian countries .as a tourist it is very easy to adjust in the culture of Singapore as most dominant spoken language is English. Singapore always tries to offer an excellent service therefore it also called himself as a ‘’dream destination”.it is a multicultural environment, local hospitality, exotic festival and tax free shopping country. Nowadays Singapore also signed visa free agreement with most of countries in Asia, Europe and the America to promote tourism sector. Some of famous activities for doing in Singapore are boat fleet, shopping (Takashimaya, marina bay, bugs street), island resorts (under world aquarium, tiger sky tower), nature sightseeing (Singapore botanic garden, jurong bird park, river safari), dining, tourist events (Singapore art festival), The Merlion statue is a must-see attraction, by many overseas visitors & The Formula 1 SingTel Singapore Grand Prix (F1) track. Also due to this tourism sector of Singapore has a major contribute in the development of gross domestic product (GDP), employment, and direct and indirect travel and
The feasibility of Malaysia hosting the World Cup allows country to improve stature in the global business market and Country’s reputation. It can help to attract new companies or potential outside investor to invest in our area and ratchet up the overall level of trade and commerce. For example,the Beijing 2008 Olympics had proven that major event able to help China bolster its status as an economic superpower. They have total of 10,000 athletes from 204 countries completed in the Beijing Olympics. Through hosting the FIFA World Cup will increase the charm as tourist destination when Malaysia put an unknown tourist destination on the map.
Travel Tips 1. Typical costs a. Accommodation – Dorms start at 30-55 RM per night, with larger cities being on the high end of that spectrum. Private rooms rate are around 75 RM for a single room, and around 100 RM for a double. Budget hotels start at 80 RM.
The main concept is to provide number of quality services to the tourists, who planned their trip through a travel and tourism firm. There are number of services that tourists are eligible and bound to receive as they had spend money while travelling from one place to another. Tourism is the industry in which passenger contacts their tour operator to get what he/she dreams of for their holiday. Travelers at the end of the day go on a vacation to relax and to have a good time. Every airline, railway company or travel agency emphasize a strong customer service as to those who get service are more likely to return for their future travel arrangements.
IDENTIFY AND RESEARCH A TOURISM ATTRACTION Introduction Tourism has experienced continued growth and extensive diversification and competition on the last decades, becoming one of the fastest growing economic sectors in the world and by consequence, one of the main income sources for many developing countries. “Every time we travel we are part of a global movement that has the power to drive inclusive development, to create jobs and to build the sustainable societies we want for our future,” says the actual UNWTO¹ Secretary General, Taleb Rifai. “This movement also contributes to build mutual understanding and to safeguard our shared natural and cultural heritage,” he completes. A sustainable and responsible approach to tourism means that neither the natural environment nor the socio-cultural organisation of the host communities would be compromised by the arrival of tourists.
1. Dubai Fountain Dubai Fountain is one of the top-list tourist attractions. In fact, your trip to Dubai won’t be completed without seeing the mesmerising dancing fountain. You can enjoy the dancing fountain at some of the most popular tunes from around the world. It takes pride in being the world’s highest musical fountain that is situated within the premises of Dubai Mall.
This festival already attract many tourist to come over Malaysia and view a beautiful scenery of Malaysia not only the nature but also the creativity of Malaysian street artist to decorate the
According to McNeely (1998) and Mbaiwa (2003), tourism is known as the largest growing industry especially in the area of job creation, improve quality of life to host community, improving local economy and many more (Mochechela, 2010).This is because tourism industry is one of the largest industries where host resident can get the economic benefits where both skilled and unskilled people can be employed. Economic impact usually can directly bring benefits to communities. However, even though the economic benefits are popular with the tourism impact, the negative side still need to be taken with caution. In addition, tourism industry can make a positive economic contribution such as increase income of local people, increasing foreign exchange
At the world conference held in Manila on tourism in 1980, importance of tourism and its effects were recognized in the declaration, which stated as; ‘’tourism is an essential activity both on the life of the nation since its direct and indirect effects on economical, social, cultural, and educational sectors of the society and their international relations’’. Economic benefits of tourism 1. Contribution to Gross Domestic Product; Tourism is being one of the world’s largest industries and contributes directly and indirectly (total contribution) to the global economy. Its contribution to GDP growth reflects the total spending within a particular country by residents or neon residents for business or leisure purposes as well as government spending on tourism goods and services which linked to visitors. According to the World Travel and Tourism Council
Tourism is a growth industry very rapidly now. With the rapid development of technology that also acts as a support person easily reach the distance around the world in shorter lead times and relatively safer. The most rapid growth in the global tourism industry provides benefits as well as challenges for the state government. Expressed simply, sustainable tourism can be defined as: "Tourism that takes full account of its current and future economic, social and environmental impacts, addressing the needs of visitors, the industry, the environment and host communities" (UNWTO, 2012). Tourism is one thing that is so important to Indonesia.
“Tourism is now the largest industry in the world by virtually an economic measure, including gross output, value added, employment, capital investment and tax contributions. ”(Wheatcroft,1994).Tourists can be defined as people who travel to and stay in places outside their usual surroundings for more than twenty-four hours and not more than one consecutive year for leisure, business and other purposes by the World Tourism Organization. Tourism industry is the idea of attracting, accommodating, and pleasing groups or individual travelling for pleasure or business. For example hotels, restaurants, and tour guides. Five sectors in tourism industry, which is including accommodation, food & beverage services, recreation & entertainment, transportation and travel services.
The definition of the word “Tourism” is different source by source, person by person. There is no specific definition for it. Each institution defines “Tourism” in a varied way. Firstly, tourism is related to several groups which involving in or are affected by tourism industry. Their perceptions are crucial to the development for the definition of tourism.
According to UNWTO “over the decades, tourism has experienced continued growth and deepening diversification to become one of the fastest growing economic sectors in the world.” In Belize, tourism is one of the growing industries that has to a large extent, a great influence on the economy. The tourism industry has demonstrated success and commitment to maintain the authenticity of its attractions fostering attractive platforms for investors looking to cater the growing number experience-Based tourist. Yet tourism is not the only successful industry in Belize, there is the citrus industry, sugar industry, banana industry and also the marine industry which help the economy. Therefore tourism does indeed help the development of Belize because it provides jobs, nevertheless tourism is seasonal, therefore it only provides jobs for certain season such a summer, Easter and Christmas.
The tourism industry contributes significantly to the worldwide economy, employing 200 million people and representing 10% of global GDP (Socci, 2016). International tourism is defined as a person or group of people temporarily visiting a foreign country and the activities they partake in while abroad (Filiposki, 2014). Socci expands on the definition by identifying ten primary sub-industries that combine to form a more aptly named tourism “cluster.” These sub-industries include: accommodation services; hotel and restaurant; food and beverage; land transport; water transport; rail transport; air transport; supporting transportation services; recreational, cultural, and sporting services; and retail and country-specific tourism (2016). In 2014, foreign tourism generated $1409 billion, which was 30% of global service exports (Filiposki, 2014).
In the past, Malaysian only travelled for other purposes than leisure. As time go by, the mind-set of Malaysian have changed, they started to realise the value of leisure tourism. During school holidays, long weekend and public holidays, Malaysian will choose to travel domestically in all around the country. Sometimes, on the weekend, they might want a short getaway from the usual place, it is suitable to travel for two days one night or one day trip in Malaysia. Even though it doesn't bring valuable foreign currency into the country, but it does offer many of the other advantages of inbound tourism.