Rikvin Pte Ltd

Singapore Company Registration Specialists

  • WhatsApp Us+65 8699 8821
  • Get a Quote Now


  • Home
  • Services
    • Incorporation
    • Corporate Secretary
    • Taxation
    • Transfer Pricing
    • Accounting
    • Immigration
    • HR Outsourcing
    • Business Advisory & Support
    • Switch to Rikvin
  • Learn
    • Incorporation
    • Work Visas
    • Taxation
    • Accounting
    • Compliance
    • Resources
    • Blogs
    • Infographics
    • Industry Guides
    • FAQs
  • Tools
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
  • Contact
You are here: Home / Blogs / Singapore Targets Higher Tourism Receipts in 2013

Singapore Targets Higher Tourism Receipts in 2013

Singapore aims to bolster its tourism strategy by targeting higher spending from tourists. According to Second Trade and Industry Minister S Iswaran, this can be achieved by developing a series of events and activities to encourage extra spending among visitors.

In an interview with Channel News Asia, the Second Minister underscored the Singapore Grand Prix Formula One race as a significant tourism pull. Since its inaugural night race at the Marina Bay Street Circuit in 2008, the famed event has drawn more than 150,000 visitors, who spent an excess of S$560 million in total tourism receipts.

Aiming to capitalize on the Formula One success, Mr. Iswaran envisions a range of lifestyle, fashion, and entertainment events. He further cited the three “C’s” — content, clients and connectivity — as focal points for Singapore’s tourism strategy. More specifically, Singapore aims to strengthen its content offerings by investing in its infrastructure and creating more attractions. In addition, programs will be developed to target certain market segments. Lastly, to emphasize connectivity, the city-state will be positioned as a gateway for international visitors in the region.

I believe that we are close to becoming a global tourist destination. We already have the best infrastructure in the world, at least according to the recent Mercer infrastructure rankings. Now, by bolstering our content offerings, targeting specific markets, and increasing our regional connectivity, we are in good stead to attract more visitors and ultimately increase overall tourism receipts for this year and beyond. – Mr. Satish Bakhda

Per the latest data from the Singapore Tourism Board, tourism receipts for the first half of 2012 totalled S$11.5 billion, registering a 7% year-on-year increase. Over 7.1 million international visitor arrivals were documented from January to June 2012, up 11% from the same period in 2011. With more targeted tourism programs, the Lion City has the potential to become a major tourism hub in the region.

Commenting on Singapore’s tourism strategy, Mr. Satish Bakhda, General Manager of Singapore company formation specialist Rikvin, said, “I believe that we are close to becoming a global tourist destination. We already have the best infrastructure in the world, at least according to the recent Mercer infrastructure rankings. Now, by bolstering our content offerings, targeting specific markets, and increasing our regional connectivity, we are in good stead to attract more visitors and ultimately increase overall tourism receipts for this year and beyond.”

In conclusion, he added, “Tourism is one of Singapore’s major economic sectors, and as such, it must be developed to its full potential. Higher tourism receipts will positively impact the economy, create new jobs, and stimulate new economic activities. For example, a thriving tourism industry will create opportunities for entrepreneurs to incorporate a Singapore company in complementary sectors, particularly in the areas of MICE, events management, F&B services, ticketing services, and a range of other peripheral businesses. Indeed, in terms of sustainable economic growth, tourism takes a central role, and Singapore is well placed to be at the forefront of this development.”

Rikvin Company Registration in Singapore
Rikvin Content

Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.

Running Up that Hill and Over the Cliff
Singapore to Develop Productivity Index for SMEs

Contact Us

  • Rikvin Pte. Ltd. is a part of InCorp Group. All data collected in Rikvin.com website are part of In.Corp Global’s Privacy terms and conditions.

  • This field is for validation purposes and should be left unchanged.

Learning Guide

  • Incorporating a Company in Singapore
  • Singapore Immigration and Work Visas
  • Singapore Taxation
  • Accounting Services
  • Singapore Business Infographics
  • Singapore Industry Guides

Latest Posts

  • Going Offshore: Cayman Islands Company Incorporation vs Setting Up a BVI Company
  • Why Engage a Corporate Secretarial Services Provider?
  • Singapore Tax Basics: A Must-Read Guide for Business Owners
  • Singapore Dividend Taxes: Everything You Need to Know
  • 2024 Singapore GST Rate Change Transitional Rules
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Representative Office Registration
  • Offshore Company Registration

Immigration

  • Employment Pass Guide
  • ONE Pass Guide
  • Tech.Pass Guide
  • Singapore Work Visas
  • SG Immigration Options

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • Transfer Pricing

Resources

  • Infographics
  • FAQs
  • Singapore Company Name Check
  • Income Tax Calculator
  • Incorporate Now

© 2025 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. All Rights Reserved.

Terms of Use | Privacy Policy

Sitemap | Terms of Use | Privacy Policy

© 2025 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved.