Released on = July 12, 2007, 2:59 am

Press Release Author = Shushmul Maheshwari

Industry = Transportation & Logistics

Press Release Summary = The Singapore tourism industry is booming with tourist
arrival in the country increasing on an annual basis owing to the country’s
buoyant economy and improved travel confidence.

Press Release Body = Singapore received 820,000 tourists in May 2007, an increase of
7.1% annually, as per the figures released by the Singapore Tourism Board (STB) on
Friday, June 29, 2007.

Indonesia with 155,000 tourists, India with 98,000, China with 85,000, Australia
with 59,000 and Malaysia with 51,000 tourists, was Singapore’s top five
tourist-generating markets in May 2007. These markets accounted for 55% of total
tourist influx for May. With 98,000 tourists from India in May 2007, the country set
a new record for largest number of visitors arriving from India in any month,
breaking its previous record of 81,000 tourists arrival in May 2006.

The growth in tourists’ arrival as well as departure is mainly driven by the
Singapore’s buoyant economy and improved travel confidence. The country has
gained immense market standing for competent tourism infrastructure, premium hotels
as well as public safety. The low-cost airlines added considerably to the boost in
tourist influx in the country, by growing their operations as well as connecting
numerous countries with Singapore.

The boom in Singapore tourism industry was also forecasted by RNCOS’ recent
report “Opportunities in Singapore Tourism Industry (2007-2009)”, as per
which, the tourist arrival in Singapore would increase at a CAGR of about 4% for the
period spanning 2007-2011; departure by 6.20% during same period and per head
expenditure in terms of inbound tourists to be 865.49 by 2011.

The report also stated Malaysia and Indonesia as important sources of tourism for
Singapore and specified that tourist arrivals from China and India would remain an
important influence throughout the forecast period of 2007-2011.

The report further attributed Singapore’s thriving economy and the role-played
by low-cast airlines as the major factors that would drive the growth in the
country’s tourism industry.

The report addressed some other interesting issues and facts for today’s
global business environment such as the performance of Global tourism, Asia-Pacific
tourism and ASEAN tourism Industry, the position of Singapore tourism industry with
respect to the ASEAN tourism industry, the emerging trends, future Outlook, Key
driving forces as well as challenges faced by the Singapore tourism industry.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM504.htm
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Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com