Geography Notes
Tourism
Trends of Domestic Tourism and International Tourism Generally Increasing * Increase in overall tourist arrivals, Increase in revenue generated
Significant Events in Singapore within last decade: 1) Severe Acute Respiratory Syndrome (SARS) Outbreak in 2003 2) Global Financial Crisis from 2007-2012 3) Global Recession 2008-2012
Reasons for Growth in Tourism
Demand Factors: 1) Increase in Amt of Disposable Income 2) Increase of Leisure Time 3) Changing Lifestyle- wants a different kind of experience from usual lifestyle
Supply Factors: 1) Amenities (Natural/Cultural/Social/Man-made/Event Attractions, Facilities) 2) Accessibility 3) Affordability 4) Subsidiary Services (Tourist-Oriented Services e.g. Information Offices, Guides) 5) Quality Service
Additional Factors: 1) Prevalence of Media (marketing, availability of information) 2) Ease of Travel Booking 3) Meetings, Conventions (Meeting, Incentives, Conventions, Events) 4) Reduction of Political Barrier
Impacts of Growth in Tourism 1) Positive Economic Impacts: a. Increase in Revenue- Tourists spend on local services, collected by govt as tax revenue b. Development of Infrastructure c. Job Creation (hotels, tour agencies + all related industries) d. Overall Contribution to Local Economy e. Diversification of Local Economies f. Increase in Foreign Investments
*Worthy Mention: Multiplier Effect
Area becomes a more popular tourist attraction
Spends taxes to improve the infrastructure and tourism services
Create more jobs indirectly
Attracts other companies to the area
Local companies supply services
New Hotel Creates Job Directly in Hotel Create more jobs when workers spend their wages
2) Negative Economic Impacts: a. Loss of Income - Leakage due to TNCs, Competition between foreign and local workers b. Enclave Tourism - Limits economic benefits
Trends of Domestic Tourism and International Tourism Generally Increasing * Increase in overall tourist arrivals, Increase in revenue generated
Significant Events in Singapore within last decade: 1) Severe Acute Respiratory Syndrome (SARS) Outbreak in 2003 2) Global Financial Crisis from 2007-2012 3) Global Recession 2008-2012
Reasons for Growth in Tourism
Demand Factors: 1) Increase in Amt of Disposable Income 2) Increase of Leisure Time 3) Changing Lifestyle- wants a different kind of experience from usual lifestyle
Supply Factors: 1) Amenities (Natural/Cultural/Social/Man-made/Event Attractions, Facilities) 2) Accessibility 3) Affordability 4) Subsidiary Services (Tourist-Oriented Services e.g. Information Offices, Guides) 5) Quality Service
Additional Factors: 1) Prevalence of Media (marketing, availability of information) 2) Ease of Travel Booking 3) Meetings, Conventions (Meeting, Incentives, Conventions, Events) 4) Reduction of Political Barrier
Impacts of Growth in Tourism 1) Positive Economic Impacts: a. Increase in Revenue- Tourists spend on local services, collected by govt as tax revenue b. Development of Infrastructure c. Job Creation (hotels, tour agencies + all related industries) d. Overall Contribution to Local Economy e. Diversification of Local Economies f. Increase in Foreign Investments
*Worthy Mention: Multiplier Effect
Area becomes a more popular tourist attraction
Spends taxes to improve the infrastructure and tourism services
Create more jobs indirectly
Attracts other companies to the area
Local companies supply services
New Hotel Creates Job Directly in Hotel Create more jobs when workers spend their wages
2) Negative Economic Impacts: a. Loss of Income - Leakage due to TNCs, Competition between foreign and local workers b. Enclave Tourism - Limits economic benefits