After the SARS outbreak, the tourist industry in Singapore is badly affected in the past few years but with the recent annoucement on Integrated Resort and the recent Olympics Selection meeting, the visitor arrivals is on tracks to hit 2005 target of 8.9 million vistors set by Singapore Tourism Board. During the first half year, there are about 4.2 million tourists visited Singapore, which is almost half way mark of the target. The bulk of the tourists were from Indonesia, China and then Australia. Together with India and Malaysia, the vistors from these five countries contribute almost 50% of the visitor in the first half year. I think the second half of the year will be better as normally tourist vist peak at the second half of the year.
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I think companies related to tourism industry would see their revenue increased this year. Industries like Hotel, airlines, airport service, Food & Beverage as well as retail segments should show good result this finanical year. Keep a look out at these stocks. :)
Any good suggestion, please feel free to let us know.
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