Press release from Business Wire India
Source: GuideMeSingapore.com
Wednesday, November 16, 2011 10:00 AM IST (04:30 AM GMT)
Editors: General: Consumer interest, Economy, People, Travel & tourism; Business: Banking & financial services, Business services, Financial Analyst, Travel & tourism
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GuideMeSingapore.com Releases Guide to Setting up a Travel Agency in Singapore
GuideMeSingapore.com has released a guide to setting up a travel agency in Singapore
Singapore, Wednesday, November 16, 2011 -- (Business Wire India) -- In light of the robust performance of the tourism industry and the growth in e-travel businesses, www.GuideMeSingapore.com - a leading Singapore-focused business information portal - has released a guide for entrepreneurs keen on setting up travel agencies in Singapore. The guide provides key information that will help entrepreneurs navigate their way through the regulatory maze and launch their travel agency in a timely manner.
Besides detailing the necessary steps for setting up a travel agency in Singapore, the guide includes the prerequisites and procedure for applying for the travel agency license. Ms. Jacqueline Low, Director of Singapore company registration services firm, Janus Corporate Solutions (the parent firm of GuideMeSingapore.com) said, "Tourism is one of Singapore's main economic pillars for the future and the latest figures from the Singapore Tourism Board (STB) show that the sector is demonstrating stellar growth. Tourism receipts registered S$11 billion in the first half of 2011 (H1 2011), representing a 32% year-on-year growth. Additionally, international visitor arrivals and hotel revenue grew by 14% and 33% respectively during Q2 2011. Therefore, and in anticipation of increased Singapore travel agency formation activity in the months to come, we have prepared this guide to help entrepreneurs launch their businesses and ensure that they fulfil their compliance duties along the way."
Analysis by GuideMeSingapore.com shows that 60% of the top 15 international visitor markets for Singapore tourism demonstrated double-digit growth in visitorship in H1 2011. Travellers from the top five visitor-generating markets in H1 2011 - China, India, Australia, Indonesia and Malaysia - were also the biggest spenders per capita. In addition to the size and growth of the market, Singapore's solid tourism infrastructure and strong calendar of international trade events and conferences present many opportunities for travel agencies here. Agencies that offer competitive deals or unique travel experiences have higher potential to stay ahead of their competition.
Travel agencies not only stand to benefit from the higher spending power of incoming international visitors; in addition, the rising income of Singapore consumers is another boon for travel agencies. Online agencies offering unique consumer experiences or exciting weekend getaway deals for busy professionals and global internet-savvy consumers have a competitive advantage as well.
Finally, the powerful combination of business-friendly policies and strategic location in the heart of Asia are sound reasons for overseas travel entrepreneurs to incorporate either a Singapore subsidiary company or a Singapore branch office. According to Janus' client, Ms. Warini Munshi, Managing Director of hotel.info Pte Ltd, "Singapore, with its central geographic location, offers us very good opportunities for entry into the Asian markets. In addition, Singapore offers excellent business friendly policies and infrastructure to enable the launch and growth of a business."
A full version of the guide is available at http://www.guidemesingapore.com/industry-guides/travel/singapore-travel-agency-setup-guide
About GuideMeSingapore.com
GuideMeSingapore.com is a unit of Janus Corporate Solutions Pte Ltd, a Singapore-based firm that provides cost-effective and professional services to local and foreign entities for Singapore company registration, branch office setup, owner/staff relocation, taxation and ongoing statutory compliance needs.
Janus Corporate Solutions Pte Ltd
16 Raffles Quay #33-03
Hong Leong Building
Singapore 048581
CONTACT DETAILS
Jacqueline Low, GuideMeSingapore.com, +65 6222 7445, media@guidemesingapore.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, TOURISM, BANKING, BUSINESS SERVICES, Financial Analyst, TRAVEL
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