06 Apr '13, 3am

Tourism Industry – Nascent or Maturing?

For anyone considering entering the Singapore Tourism Industry, some figures need to be assessed. Globally, the industry is huge! Despite the economic doldrums, it was the only industry that continued to see more receipts. In fact, more than 10% of all new jobs created in 2012 belonged to travel and tourism. According to the World Travel & Tourism Council’s (WTTC) economic research , the total economic contribution of the travel and tourism industry was US$6.6 trillion in GDP (a rise of US$500 billion year-on-year). Its aggregate online sales alone (think air tickets, lodging, car rentals, etc.) amount to over US$100 billion in receipts -or- 1/3 of all global e-commerce activity!

Full article: http://entrepreneur.com.sg/wordpress/?p=1750

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