BUSINESS TOURISM
Why commercial tourism in Singapore?
The “Singapore Model”
1) The economy of Singapore is a capitalist mixed economy.
2) The country strongly advocates free-market policies and practices, but there is government intervention in macroeconomic management.
3) The Singaporean economic management is innovative and highly successful and is dubbed as the “Singapore Model”
Rankings of Singapore's economy
1) The 2011 World Bank Ease of Doing Business Index ranks Singapore as the best country in the world to do business – ahead of Hong Kong and New Zealand.
2) Singapore is also ranked third in the World Economic Forum’s Global Competitiveness Report behind Switzerland and Sweden.
Attractiveness of investment
Types of business tourism
Business centers
Main reasons for business tourism
1) These aspects of the economy make Singapore very lucrative for FOREIGN DIRECT INVESTMENT.
2) There are 14052 MNCs in Singapore.
3) Hence, commercial tourism is a large aspect of Singapore's total tourism due to it's booming economy and status as a major port in South-East Asia.
1) Entrepreneurial Tourism
2) Commercial Tourism due to business opportunities /clients in Singapore
3) Logistics/shipping business (for port)
1)The Central Business District is South of Singapore's River:
2) Downtown Core,
3) Marina East,
4) Marina South,
5) Museum,
6) Newton
7) Rochor
8) River Valley,
9) Orchard,
10) Outram
1) Consultancy services outsourced to other Asian countries.
2) Call centers in Singapore
3) Executives travel to meet up Clients
4) Summits such as:
a) IHT Sports Business Summit
b) 2012 Global Supply Chain
