Impact of integrated resort in singapore tourism industry.

Singapore's tourism industry is currently enjoying a period of strong growth. Over the next few years, with the developments of The Singapore Flyer and Gardens by the bay, together with the two IRs, Singapore's tourism industry looks set to become more vibrant and exciting. In the year 2010, when both the Marina Bay Sands and Resorts World at Sentosa are operational, Singapore expects a surge in the number of visitors. STB has projected that there will be an additional 2 million to 3 million visitors, bringing our total annual visitor arrivals to about 13 to 14 million. Going by the current growth rate, this will represent a significant 25 per cent increase over the 11 million visitor arrivals projected for the year 2009.

In terms of air capacity, the opening of Terminal 3 at Changi Airport next year will boost our annual passenger handling capacity to 64 million, almost double the record 35 million passengers handled by the airport last year. Concurrently, STB is working with the Civil Aviation Authority of Singapore and major airlines to explore ways to increase air capacity so as to cater to the expected increase in visitors. Apart from increasing the number of weekly flights to and from existing destinations, other areas that STB is exploring include expanding the current list of 180 destinations so as to reach out to a wider market.

To summarise, Singapore's tourism industry will increase and the Integrated Resorts will create 50,000 to 60,000 additional jobs throughout the economy when both are fully operational. It is projected that there will be a spike in recruitment by the two operators in 2009, particularly in the months leading up to their official openings.
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Some of the expected economic benefits of the Integrated Resort
Firstly, let us look at some examples of world-class integrated resorts overseas. Similar to these developments, we can expect the Integrated Resort in Singapore to attract more international visitors, increase our tourism receipts and boost our overall tourism industry. For example, in the Bahamas, hotel occupancy rose from below 65% in 1993 to a healthy 80% in 2003 after Kerzner International took over an ailing casino resort on the brink of bankruptcy and transformed it into Atlantis Resort. Atlantis was instrumental in turning the Bahamian tourism industry around. Kerzner also became the largest non-government employer, providing 8% of employment in the Bahamas.

Las Vegas receives 35 million visitors a year. Reports indicate that 5.7mil of them are convention delegates, which is a lucrative market. It is the largest convention city in the US. 80% of visitors to Las Vegas were repeat visitors (Source: Las Vegas Convention and Visitors Authority). 65% of Bellagio's (one of the integrated resorts in Las Vegas) revenues are from non-gaming components (e.g. retail, dining, entertainment).

These figures speak for themselves. The casino not only generates revenue, but also generates a buzz that brings more people to shops, restaurants, convention venues, entertainment venues and other attractions.
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Hi friends, I have done research about the Integrated Resorts (IRs) in Singapore and I want to share what I have found. The two sources are as follow: http://www.ips.org.sg/events/casino/ This websites discusses extensively on why Singapore needs such a casino based resort industry. According this website, the proposal of Singapore’s integrated resorts was not agreed smoothly. The analysts have to handle lots of questions and predictions. But at last the proposal was successful. All these proposals are discussed in the above website. Firstly, they have to think safety and then they also have to discuss extensively on whether these resorts will be able to survive or not. Moreover, they also had to analyse the impact on social structures and tourism industry. All these interesting background information about IRs are discussed in this website. My second website is http://app.mti.gov.sg/default.asp?id=585 It is also an another interesting website about IRs. You can know the main purposes of the IRs from this website. The main purpose is that Singapore wants to increase the sectors of leisure and entertainment and it also wants to be a must-visit destination in the region. As parallel to other world’s major casino based resort destinations, Singapore’s IRs will have a comprehensive range of amenities such as hotels, convention facilities, entertainment shows, theme attractions, luxury retail, fine dining and casino gaming. Besides these things, you can read other speeches given by important people of the country like Prime Mister Lee Hsien Loong. I hope these two websites will help us a great deal in doing our reseach.