Singapore enjoying tourism boom
Affluent hoteliers are ensuring holidaymakers choose Singapore when it comes to finding the perfect holiday destination.
Singapore is renowned for reinventing itself and this new generation of entrepreneurs is no different, providing both a mixture of lavish and reasonable hotels for every tourist’s budget.
More and more people are choosing Singapore as a destination for both business and pleasure, and the Singapore Tourism Board are reporting total hotel room revenues of $1.1 billion for the first half of this year. That’s a 6.6 per cent jump since last year and with holiday-goers and business people flocking to the island, it shows no sign of abating.
Visitors to Singapore can expect a tantalising mixture of culture, innovation and entertainment and while it remains one of the world’s financial hubs, there are plenty of things to keep you occupied when you’re not working.
You can catch the only Formula One race held at night, which has been in Singapore since 2008, try out one of the island’s many bars and restaurants or try your luck in the casinos, it’s no wonder the tourism industry is booming.
From January to May of 2012, nearly six million people visited Singapore, which is a year on year increase of 12.3 per cent according to the Singapore Tourism Board.
It’s no wonder that 10 of the 40 wealthiest individuals in Singapore’s Forbes rich list were either property tycoons or hotel owners and it is a testament to just how robust the tourism industry is in Singapore.
Asia is becoming increasingly popular among travellers, with holidays in Thailand and Borneo also on the rise.
Singapore’s growth can be attributed to a number of factors but the main reason why people keep coming back year on year is because they love this little island.