This article provides a SWOT analysis of the Tea Festival in Singapore, considering the event's strengths, weaknesses, opportunities, and threats. The analysis highlights the event's cultural significance, location, and use of technology to attract visitors.
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Running head: SWOT ANALYSIS SWOT ANALYSIS Name of Student Name of University Author note
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1SWOT ANALYSIS SWOT analysis of Tea Festival in Singapore: Singapore has been one of the major tourist attractions in the world, which is visited bymillionsoftouristseveryyear.Planninganeventrequirescarefulanalysisand development as the tourists visiting Singapore have a number of options to choose. A SWOT analysis of the event concerning the destination of the event can be helpful in identifying the key factors that can be considered for determining the success of the event (Ayub, Razzaq, Aslam & Iftekhar, 2013). Strengths: Singapore is a developed country, which encourages culture friendly events (Lim, 2016). The Singapore government encourages the organization of events such as this Tea Festival, which reflects the culture of South East Asia. Moreover, it also helps the government to promote the tourism, which is an essential part of Singapore’s development. Strengths: - Developed Country - Culture Friendly - Developed Transport System - Multicultural Country Weaknesses: - Small country - Limited number of population - Limited sources of entertainment Opportunities: - Traditional idea to showchase culture - Use of advanced technology for efficient management -Strategic Location - Mini Concert Threats: - Other major tourist attractions - Lower number of tourists - Tourist interest in other activities - High cost of living SWOT
2SWOT ANALYSIS Moreover, the multicultural population is also detrimental for events such as the Tea Festival. Singapore is the hub of conglomeration of the world population. Every day thousands of tourists flock in Singapore for the different attractions that the country provides (Henderson, 2014). Hence, the tea festival can attract a large number of tourists from every community other than the targeted Chinese tourists. At the same time, Singapore has a very advanced transport system, which can be very useful for the people attending the event (Lee, 2012). Singapore has a large number of transport options such as buses, trains, MRT and taxis, which can provide the tourists easy options to travel to the festival without any difficulty. The ease of travel is one of the primary strengths of the festival which is itself promising and informative. Tea making and its culture is very distinct of the South East Asian culture, and hence being a part of the cultural aspect, it can draw different types of tourists who are attracted towards the South East Asian culture (Lim, 2016). Weaknesses: The weakness of the event lies in the fact that Singapore is a small country, which gives the tourists very limited scope to explore the different parts of the country and different aspects (Lee, 2012). Hence, if the people have the interest in the event, they might not be able to align with the other activities in a short period of time. Singapore has a limited population, which makes the event susceptible to draw a lower number of people than the expected huge number of people (Lee, 2012). The return on investment, hence, might turn out to be low, which might become a burden for the organizers at the end of the event. Moreover, there are other attractions, which can draw the tourists away from the event that has been organised (Lim, 2016). Being a small country, with limited number of tourist attractions, the tourists can be drawn towards other attractions, which might be
3SWOT ANALYSIS more entertaining than the informative Tea Festival. This can lead to a lower number of turnouts in the festival and it might not be successful as expected. Opportunities: The opportunities for the event are that the event is a traditional event, which can draw Chinese tourists towards the event. The targeted Chinese tourists can be easily drawn towards the art of tea making. Advertisements in China and the adjoining countries might provide help in attracting large number of tourists to the festival (Law, Buhalis & Cobanoglu, 2014). Moreover, the low cost of the tea available in the festival is also a positive factor for the festival and can draw a large number of customers. Moreover, the use of advanced technology can help the tourists to easily access the facilities of the event. Use of social networks for promotion and guiding the tourists is a useful measure (Law, Buhalis & Cobanoglu, 2014). Moreover, the use of apps and QRscanningatstrategiclocationscanhelpthevisitorstoacquireadditional knowledge about the event and the different aspects that the event is promoting. The strategic advantage of the location also plays an important feature for the event. Bayfront Event Space is a popular location in Singapore and is strategically well equipped to draw a large number of visitors in the festival (Henderson, 2014). This factor can be a key to the success of the festival. The organisation of mini concerts and the presence of celebrities and performers can play a key role in drawing more visitors in an otherwise informative event. Threats: Singapore has a large number of tourist attractions, which can draw away the tourists from the event. A variety of available tourist attractions such as the world class
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4SWOT ANALYSIS shopping malls, Singapore Zoo and Sentosa island are some of the most popular tourist attractions which draws a large number of tourists and can pose a threat to the Tea Festival (Henderson, 2014). Moreover, Singapore has a high cost of living, which might not permit many people to attend a luxurious event like the tea event (Lim, 2016). Many tourists travel on a very limited budget, and considering the Tea Festival to be an extra expense, might not be interested in attending the event.
5SWOT ANALYSIS References: Ayub, A., Razzaq, A., Aslam, M. S., & Iftekhar, H. (2013). A conceptual framework on evaluating SWOT analysis as the mediator in strategic marketing planning through marketing intelligence.European Journal of Business and Social Sciences,2(1), 91- 98. Henderson,J.C.(2014).TourismanddevelopmentinSingapore.InTourismasan Instrument for Development: A Theoretical and PracticalStudy(pp. 169-181). Emerald Group Publishing Limited. Law, R., Buhalis, D., & Cobanoglu, C. (2014). Progress on information and communication technologiesin hospitality and tourism.International Journal of Contemporary Hospitality Management,26(5), 727-750. Lee, C. G. (2012). Tourism, trade, and income: Evidence from Singapore.Anatolia,23(3), 348-358. Lim, L. Y. (2016). Fifty years of development in the Singapore economy: An introductory review. InSingapore's Economic Development: Retrospection and Reflections(pp. 1- 15).