HOW badly will tourism be affected in the aftermath of the Dec 26 tsunami?
First, the big picture. The World Tourism Organisation, an agency of the United Nations, has projected for the next 15 years that the number of global tourists will go up by a healthy 4.1% a year – which would mean 1.6 billion international travellers annually by 2020.
And Singapore’s tourism industry has always been fortunate in this respect. In a bid to promote the tourism and retail trade, S$40mil (RM88mil) will be invested over three years to enhance Orchard Road, Singapore's major shopping area.
Singapore is not as reliant on leisure visitors as Bali or Phuket. Business travel is more resilient because if you need to close that deal or meet that client in a particular city, then you have to travel.
Another factor is Singapore’s status as a transport hub.
Long-haul flights from Europe continue to need to stop en route to Australia while residents in neighbouring countries still like to take advantage of Changi Airport’s many connecting flights. – The Straits Times/ANN