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Press Releases
SINGAPORE -- (MARKET WIRE), 27 February 2007 -- Globalysis Ltd., a leading boutique tourism sector consultancy, has issued its 2007 tourism sector outlook for the Republic of Singapore. The research report provides a macro-perspective of Singapore's tourism sector and indicates that the country should experience significant tourism sector growth in calendar year 2007. Globalysis defines the tourism sector universe as encompassing the hotel lodging, entertainment, airline and casino gaming (where applicable) industries in addition to the indirect industries supported by tourism such as real estate. Several countries in Asia have identified tourism sector growth as a primary pillar of economic growth over the next decade. Mr. Jonathan Galaviz, Partner at Globalysis Ltd., stated "Singapore continues to strategically position it's tourism sector in a manner consistent with achieving solid sustainable growth over the coming years. The infusion of new entertainment options into Singapore is attracting the attention of tourists in Asia that are seeking a unique cosmopolitan leisure experience." Some of the cited positive factors for Singapore's tourism sector are: increased airline connectivity, sound strategic decision making by tourism authorities, enhanced entertainment propositions for tourists, and the continued development of two integrated resorts (with casino gaming components) set to open in 2009/2010. Some of the potential risks cited in the report for Singapore's tourism economy are: geopolitical risk factors, macro-economic risk exposure to greater Asia, and the potential for terrorism activity in the region. Globalysis estimates that Singapore will experience approximately 7.7% year-over-year growth in international visitor arrivals to an approximate figure of 10.5 million visitors in calendar year 2007. Singapore experienced international visitor arrivals of approximately 9.7 million in calendar year 2006 according to the Singapore Tourism Board. The 19-page report is available for purchase at a cost of USD$1,500 per copy. About Globalysis: Globalysis Ltd. is a Las Vegas, Nevada (USA) based boutique tourism sector consultancy that focuses on the entertainment, airline, hotel lodging and casino gaming industries in international markets. The firm actively consults to the senior executive teams of several Fortune 500 companies operating within the tourism sector. © 2007 Globalysis Ltd., All Rights Reserved Media Contacts: Globalysis Media Relations E-mail: Website: http://www.globalysis.com Note To Editors: A free copy of the report will be made to members of the press upon request via e-mail to Submitted by Asia Release on Tuesday, 27 February 2007 at 10:00 AM Category: Economy |
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