Singapore MICE Tourism Market Investigated in iGATE Research Report Now Available at MarketPublishers.com25 Apr 2016 • by Natalie Aster
LONDON – Singapore is deemed to be one of the major MICE hubs in the Asian region. The country offers a unique range of ultramodern exhibition halls, convention centres, and meeting rooms that satisfy an array of needs and budgets. The attractiveness of Singapore in this respect lies in its favourable and stable business environment, financial health and highly experienced multicultural workforce. These factors normally appeal to worldwide organisations to place their regional offices in the city. To further give a boost to Singapore’s competitive edge as a MICE destination, STB has partnered with market players to create events of top-level quality and exciting, unique content.
Singapore’s MICE tourism sector holds huge promise for future expansion and growth. Key drivers include the country’s industry roadmap to 2020, a robust pipeline of business events across Singapore, as well as the experience programmes boosting the domestic MICE tourism. However, currency depreciation in the main source markets and high level of competition pose a challenge to the sector’s growth.
As regard to tourist arrivals to the country, Malaysia, China and Indonesia and the major source markets for the Singaporean MICE tourism. Australia, Vietnam, Taiwan, the USA and the Philippines are the other important source markets.
New research report “Singapore Meetings, Incentives, Conventions, Exhibitions (MICE) Tourism Market and Forecast” elaborated by iGATE Research offers a comprehensive guide to the MICE universe in Singapore. The study presents true estimates and forecasts of the market size, limelights and projects tourist arrivals and shares from 2010 through 2021. The research publication provides information on the tourist arrivals and expenditure plus forecasts, for the top 22 countries during 2010-2021. Furthermore, key drivers and challenges of the national MICE tourism marketplace are outlined and canvassed in the report, too.
More all-round market studies by this publisher can be found at iGATE Research page.