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Follow on Google News | Singapore’s MICE industry gathers momentumIt’s a rosy picture for Singapore’s business tourism sector with the rebound of Singapore’s MICE industry.
By: GuideMeSingapore.com It is estimated that close to 6000 business events are held in Singapore each year. In 2008 alone, Singapore accounted for one-fourth of all the business events that were held in Asia and welcomed close to three million business travellers. The MICE industry generated around S$6billion (Approx. US$4billion) Recognizing the importance of large-scale events, the Singapore government has wisely invested in infrastructure. The newly opened Marina Bay Sands was constructed for $5.5 billion and offers world-class exhibition space, hotel rooms, restaurants, high-end shopping and a casino. Singapore’s strengths such as strategic location, extensive air linkages, vibrant entertainment and recreation options, business friendly environment, and English speaking workforce help uplift its MICE industry. According to Melissa Ow, Assistant Chief Executive at the Singapore Tourism Board, “What is unique to Singapore is our user-centricity, which means that experiences are built around the visitor, with the visitor's needs and preferences in mind.” Singapore’s robust MICE industry complements its services sector fuelling a demand for event organizers, travel agents, hoteliers, restaurateurs, and retailers. This in turn opens up business opportunities for local and foreign entrepreneurs, businessmen, and organizations to establish a presence in Singapore by incorporating a Singapore company (http://www.guidemesingapore.com/ Singapore expects to draw 17 million visitor arrivals by 2015. Resorts World Sentosa has secured more than 50 confirmed events through 2011. With mega events such as the FI Night Race, Youth Olympic Games, and Human Capital Summit that are scheduled to be held over the next few months, opportunities abound for Singapore’s MICE industry and services sector. If you are looking at starting a successful business venture in Singapore, it makes sense to set up a Singapore company in the MICE-related industry as it holds promise for years to come. # # # About GuideMeSingapore.com GuideMeSingapore.com is a unit of Janus Corporate Solutions Pte Ltd - a Singapore-based firm that provides Singapore company incorporation, taxation, and immigration services for organizations and individuals worldwide. For more information, visit http://www.guidemesingapore.com/ End
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