26 Dec '12, 7am

Stellar growth for hospitality sector | CommercialGuru Singapore

Singapore’s tourism industry is expected to see strong demand growth in 2013, despite weak economic expansion, according to a report by Cushman and Wakefield (C&W). The predicted demand for the country’s meetings, incentives, conferences and exhibitions (MICE) segment remains healthy, as Singapore has maintained its position as the best convention city in Asia. Moreover, medical tourism has been rapidly growing, thanks to extensive support from the authorities. Newly completed projects are also expected to further enhance the country’s attractiveness. For example, the S$500 million international cruise terminal dubbed the Marina Bay Cruise Centre Singapore (MBCCS, pictured ) opened in May 2012. The 28,000 sq m facility is expected to double Singapore’s berthing capacity and can accommodate 6,800 passengers at any given time. Aside from that, the city-state’s large-scale de...

Full article: http://www.commercialguru.com.sg/property-management-news...

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