Singapore Government Strategies On Tourism

Traffic in Singapore

Smooth Traffic

-People will get a more pleasent expereince in Singapore
-generating postive externatities : able to deliver goods in a short period of time, allocative efficiency achieved.

Elecronic Road Pricing (ERP)

This is generating positive externatities as the motorists may be dettered from using the roads with the ERP bring erected.

Certificate of Entitlement (COE)

This is generating postive ecternatities as the motorists may be dettered from buy a car as it is adding extra cost to owning a car in Singapore.

Clean Environment

construction of general infrastructure that helps to imporve the lives of locals by providing them with adequate housing, living quarters etc

environmental degradation

overwheming number of tourist poses a potential threat to many natural areas in the country. it tends to put enomous pressure on land and leds to natual habitat loss, discharge into the sea, increased pressure on endangered species .

Attractions

Events Attractions

Sports

Positive Externalities

First Youth Olympics Games in 2010 and F1 races acts as incentives for people around the world together to Singapore in witnessing the first of such events.

Human-made Attractions in Singapore

Positive Externalities

major developments in Singapore such as the construction of casino at the Integrated Resort and Garden by the Bay at Marina Bay Sands are places of interest to boost tourism rate in Singapore since Singapore lacks in natural attractions.

Negative Externalities

Some prefer Natural attractions such as the Niagara falls in the USA hence they may prefer to go to USA as compared to Singapore since USA offers them the incentives to head there.

Affordability of flights to and from Singapore

Jetstar, AirAsia and Tiger Airways are some of the cheap flights we can get to or from Singapore. This influence on one's individual plan if one decides to travel at low cost.
However, some may find it unsafe to travel at low cost since these low-cost carrier may cut back on safety standards of flight. Hence some may still prefer full-service flights at higher cost.

Negative Externalities

-overbuilding of new hotels and expansion of some existing ones, wastage of land and human resources, therefore, allocative ineffiency

e.g. Marina Bay Sands

STB champions tourism and builds it into a key economic driver for Singapore. Together with its tourism promotion functions, it also fulfils a much broader economic development role for the tourism sector.

STB aims to ensure that tourism remains a key economic pillar through long-term strategic planning in partnership with the public and private sector stakeholders. STB's goal is to create exciting and innovative experiences for our visitors, in close partnership with the trade industry, thus etching forever in visitors' minds an image of Singapore as a unique and compelling destination.

Subtopic

If tourism sector fails due to unforeseen circumstances, the country's revenue would be directly and largely affected, due to the concentration of capital on the tourism industry. hence, there are risks involved.

A large amount of the country's finances are spent on tourism, leaving less money to improve other aspects of the country, such as education or infrastructure. - opportunity costs incurred.

preserve culture

tourism helps to support, cultivate and preserve traditional and ethnic culture . tourists spend money to visit places with cultural interest, collect and purchase native arts and crafts, which encourages craftsmen to revive or preserve these traditional skills.

Loss of culture

lack of hospitality and courtesy leadind to bad services and leave a bad impression on consumers(tourists) who come here for vacation.

On the other hand, some hotels and retail management sent staff for training to provide consumers with quality service. For example, Singapore rolled out the Go-the-Extra-Mile-for-Service moment in 2003, aimed to improve service levels among service providers.

Inflation of goods Due to the incoming tourists

-generates negative externalities (overdependance on tourism indutry) , jacks up the price of local goods as country gradually becomes more consumer-centric

improve economy

Tourism brings about the creation of new jobs and employment opportunities. stimulates trade, income and entrepreneurship in the service and small business sectors. increased regional development - particularly in isolated areas, greater tax revenues permitting greater government spending - or reduced taxes on other activities,

A casino was built to attract tourists, but it might lead to gambling problems among the locals, such as landing themselves in debt or breaking up the family.

People might also resort to stealing to fuel their gambling habit, which is another social problem with regards to opening a casino.