implications
SCHOOL OF HOSPITALITY, TOURISM AND CULINARY ARTS
BACHELOR OF INTERNATIONAL HOSPITALITY MANAGEMENT
HTM 3213
TOURISM ECONOMICS
IMPACT ANALYSIS
Name and Student ID: YEONG WOOI CHYNG 0311922
AMELIA NGADI 0311827
SALLY MARCELY 0301457
SINTA SETIAWAN 0312100
VALENTINE SRI WAHYUNI MASLIM 0304052
Batch and Group: BH 4 Group 7
Lecturer: MS. UMA THEVI MUNIKRISHNAN
Submission Date: 17th OCTOBER 2013
Contents
Introduction Students are required to form in a group of five to conduct an analysis of economic impact of tourism industry in a country or region. Evaluating the tourism impact analysis of the location selected is the main task of this assignment. Besides that, students are also required to discuss the spillover effects of tourism sector to the other sectors of the economy which means the leakages of the economy. Students had chosen Singapore as the country for this study. Tourism industry is the world’s largest dynamic economic sectors in many countries contributor to the Singaporean economy. It is constantly improving infrastructure, natural connectivity, skilled workforce, good labor-employer relations, political stability, favorable tax regime, and strong rule of law have all contributed to the country’s competitive advantage, enabling the Singapore economy to grow consistently and rapidly over the past four decades. Many of these factors continue to help drive the country’s economic development and growth. According to Chief Executive of Singapore Tourism Board, it is stated in the annual report 2012 that the government is investing a huge amount of capital as for Tourism Development Fund to support the growth of tourism sector and to heighten interest in Singapore as a tourism destination as well. Thus, Singapore is one of the countries that the tourism industry is growing significantly.
Impact Analysis
1. What is impact analysis and various methods used to measure them Impact analysis is
BACHELOR OF INTERNATIONAL HOSPITALITY MANAGEMENT
HTM 3213
TOURISM ECONOMICS
IMPACT ANALYSIS
Name and Student ID: YEONG WOOI CHYNG 0311922
AMELIA NGADI 0311827
SALLY MARCELY 0301457
SINTA SETIAWAN 0312100
VALENTINE SRI WAHYUNI MASLIM 0304052
Batch and Group: BH 4 Group 7
Lecturer: MS. UMA THEVI MUNIKRISHNAN
Submission Date: 17th OCTOBER 2013
Contents
Introduction Students are required to form in a group of five to conduct an analysis of economic impact of tourism industry in a country or region. Evaluating the tourism impact analysis of the location selected is the main task of this assignment. Besides that, students are also required to discuss the spillover effects of tourism sector to the other sectors of the economy which means the leakages of the economy. Students had chosen Singapore as the country for this study. Tourism industry is the world’s largest dynamic economic sectors in many countries contributor to the Singaporean economy. It is constantly improving infrastructure, natural connectivity, skilled workforce, good labor-employer relations, political stability, favorable tax regime, and strong rule of law have all contributed to the country’s competitive advantage, enabling the Singapore economy to grow consistently and rapidly over the past four decades. Many of these factors continue to help drive the country’s economic development and growth. According to Chief Executive of Singapore Tourism Board, it is stated in the annual report 2012 that the government is investing a huge amount of capital as for Tourism Development Fund to support the growth of tourism sector and to heighten interest in Singapore as a tourism destination as well. Thus, Singapore is one of the countries that the tourism industry is growing significantly.
Impact Analysis
1. What is impact analysis and various methods used to measure them Impact analysis is