MKT 506 - Report On Tourist Marketplaces in Singapore
Added on 2020-03-04
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IMPACT OF LOW COST CARRIERS ON TOURISM DEVELOPMENT IN SINGAPORE 1IMPACT OF LOW-COST CARRIERS ON TOURISM DEVELOPMENT IN SINGAPOREName:Institution:Course:Tutor:Date:
IMPACT OF LOW COST CARRIERS ON TOURISM DEVELOPMENT IN SINGAPORE 2Executive summarySingapore is a fast growing country with tourism growth and development of new business opportunities. The objective of this report work is to present study on effects of low-cost airlines division among the tourist marketplaces in Singapore. The ideas presented also examine the contribution of inexpensive carriers to the growth of tourism in less renowned destinations within Singapore as a country. Moreover, air transport in the Singapore in the recenttimes remains to be the fastest growing sector of transport. The ideas presented in this paper seekto quantify the impact of the expansion of inexpensive carriers on tourism trends within Singapore. The entrances of low-priced carriers within Singapore have substantial economic benefits for the region (Wong 2014). It influences the aviation marketplaces by the provision of aconsiderable positive impact on the employment sector, trade, gross domestic product (GDP), tourism, along with productivity among other factors. Survey on the impact of inexpensive carriers’ airlines in Singapore has remained scarce due to causality issue. The negative and positive effects of low-cost carriers in Singapore remains sparse due to the reliable data present across the nation. IntroductionAfter a decade that comprises of rapid developments in Singapore, inexpensive carriers inits marketplaces now comprises of their prospects, by demographically along with geography. The development ensures that the country can maintain their foot on the improved ideas. Financial outcomes for Singapore for low-priced carriers over the last one year prove the region to be highlighting its constant prosperity credentials. According to Kim & Lee (2011), after emergence of the render down experienced by the year 2009, Singapore has continued to
IMPACT OF LOW COST CARRIERS ON TOURISM DEVELOPMENT IN SINGAPORE 3experience intact operations relative to their tattered network opponents. Almost all the sectors ofairlines in Singapore have been able to improve their economic place as stipulate rose. Different impacts of low-cost carriers arise, as results of those transporters across states are in service in very distinct settings in present times (Sarilgan 2016). Low-cost carriers in more mature market in developed nations have distinct scene to the airline in growing regions of countries in Asia. However, both low-cost carriers among these areas encounter tests in supporting their development. Therefore, this study examines the effects of low-priced transporters on the development of tourism in Singapore. Effects of low-priced transporters on tourism progress within SingaporeThere are significant effects of low-priced transporters on tourism progress in Singapore. With the positive results, the airlines are recommendable to provide low-cost carriers direct flights to different destinations, as this is profitable for providers of aviation’s business services as well as for clients out of Singapore. The impact affects various sectors. Some of the areas that are negatively or positively affected by low-cost carry on tourism development in Singapore include the development of new products, development of new destinations, development of newmarkets, impacting prices of flights and goods, along with the availability of routes followed by trips (Paulina & Cortes 2014). Low cost carries on tourism development in Singapore remain as an essential part in pushing forward the progression of regional tourism. Moreover, low-cost moves on tourism development in Singaporedo need support from the tourism industry (Yeung et al., 2012). The tourism development seems to consider transportation revolution. Low-cost carriers also force the tourism sector to pay attention to routes design by focusing on off along with peak seasons, spatial traits, and scale.
IMPACT OF LOW COST CARRIERS ON TOURISM DEVELOPMENT IN SINGAPORE 4Development of new destinationsLow cost carries on tourism development in Singapore allows the airport authorities to focus their operations on developing improved target. The need to have more destinations improves with the increase in some people who shift to using airlines for quick movement. However, the impact of developing new target comes with the negative impact on the economy of the country. The authority has to incur the enormous amount of money in the creation of a well-equipped destination. Many resources that can apply to improving the quality of lives of citizens in Singapore are then applicable for the development of new goals. However, after the creation of such destinations, the country stands to receive massive foreign exchange from the money earned from the tourism sector (Tas 2014). The development of new targets is essential for the country to secure and maintain the vast number of travelers that increases by a reduction in cost carriers within Singapore. Development of new markets and productsLow-cost carriers on tourism development in Singapore have the significant role in the development of new markets where society can take their goods and services. While talking concerning rapid growth of low-priced transporters on tourism progress in Singapore, there is a need to reflect effects that it brings to the development of new markets. However, air transport network in Singapore is regard to be one of the sectors in the region that have the highest negative impacts. Its effects occur on the environment, polluting the atmosphere, and emitting noise. Low-cost carriers on tourism development in Singapore promote segregation and corporation of tourist destination that is essential in developing new marketplaces. As reported by Rodriguez & O’Connell (2017), low-cost carriers have positively affected segregation of
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