Boston, MA -- (SBWIRE) -- 09/12/2014 -- Outbound tourism performed well in 2013 with an increase of one percentage point as compared to 2012, with travel mostly recorded to short-haul regional destinations. As the Singapore dollar is stronger, higher spending power due to the exchange rate encouraged more outbound travel to regional countries, as well as international destinations, mostly in Europe.

Industry Prospects

Outbound travel from Singapore is expected to see a value CAGR of 2% at constant 2013 prices over the forecast period. This is driven by the availability of low air fares provided by low cost carriers as well as discounting strategies by travel retailers for group travelling. Discounting strategies includes one for one travel packages, discount tiers for second person and upwards, etc. In addition, consumers tend to travel to regional destinations in search of nature, coastal environment and beach holidays which are limited in Singapore.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Tourism Flows Outbound industry in Singapore with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Tourism Flows Outbound industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The Tourism Flows Outbound in Singapore market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation
- Historic volumes and values
- Five year forecasts of market trends and market growth  
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Tourism Flows Outbound in Singapore?
- How big is outbound travel in terms of departures and spending?
- Which international destinations are the most popular?
- What are main methods of transport for travelling abroad?

Reasons to Get this Report

- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

Product coverage: Departures By Country, Departures by Mode of Transport, Departures By Purpose Of Visit.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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