Significance of the Hotel and Tourism Sector on Economic Development in Singapore

  • Bethapudi Suprayitno East Asia Institute of Management
  • Harun Heng East Asia Institute of Management

Abstract

The hospitality sector plays a critical role in the tourism industry. The study examined the significance of the hotel and tourism sector on economic development in Singapore. The research study was literature review-based. The study findings indicated that the hotel and tourism sector is critical in enhancing the economic growth in Singapore. The study also found that the hotel and tourism sector is one of the fastest-growing sectors in the tourism sector. It is truly justified as accommodation is a critical part of the country's development. Tourism is also a potentially large employment opportunity and hotels constitute a significant part of this hospitality sector. The study further noted that the growth of hospitality largely depends on skills consisting of language and interaction abilities, courtesy, values, kindness, good practices, technique, conscientiousness, positive self-image, flexibility, imagination and punctuality. The study concluded that partnership could enhance financial growth. The increasingly crucial modern technology and progressively requiring customers call for even more compelling customer/employee interaction is vital. The study concluded that hotels industry earnings in Singapore are the main element that flaunts the tourist sector's earnings. The study recommended that the Singaporean government seriously tackle the tourist and hotel sector in the context of financial investment and advancement since the tourism field will integrate a vast range of economic tasks and is now regarded as one of the globe's most important markets. Hospitality and also tourism firms ought to also play even more focus on work-life balance and retention approaches. The study also recommended that to enhance a greater rate of interest among the Singapore hospitality students, several actions can be taken like the sector needs higher credibility, professionalism and trust. The Singapore Tourist Board ought to engage the hospitality and tourism associations, such as the Singapore Resort Association and Singapore Organization of Housekeepers, to take even more aggressive action in getting entailed with the hotels, polytechnics, and the public.

Keywords: Hotel, tourism, business, Economic Development, Singapore

Author Biographies

Bethapudi Suprayitno, East Asia Institute of Management

East Asia Institute of Management

Harun Heng, East Asia Institute of Management

East Asia Institute of Management

References

Ayittey, F. K., Ayittey, M. K., Chiwero, N. B., Kamasah, J. S., & Dzuvor, C. (2020). Economic impacts of Wuhan 2019?nCoV on China and the world. Journal of Medical Virology, 92(5), 473.

Baum, T. (2019). International perspectives on women and work in hotels, catering and tourism.

Betcherman, G., Giannakopoulos, N., Laliotis, I., Pantelaiou, I., Testaverde, M., & Tzimas, G. (2020). Reacting quickly and protecting jobs: The short-term impacts of the COVID-19 lockdown on the Greek labor market.

Bethapudi, A. (2019). The role of ICT in tourism industry. Journal of applied economics and business, 1(4), 67-79.

Brooks, D. H., & Hill, H. (2020). Divergent Asian views on foreign direct investment and its governance.. Divergent Asian views on foreign direct investment and its governance.

Croes, R. (2019). The role of tourism in poverty reduction: an empirical assessment. Tourism Economics, 20(2), 207-226.

Henderson, J. C. (2018). Managing a health-related crisis: SARS in Singapore. Journal of Vacation Marketing, 10(1), 67-77.

Heng, T. M., & Low, L. (2019). Economic impact of tourism in Singapore. Annals of Tourism Research, 17(2), 246-269.

Hight, S. K., Gajjar, T., & Okumus, F. (2019). Managers from “Hell” in the hospitality industry: How do hospitality employees profile bad managers? International Journal of Hospitality Management, 77, 97-107.

Ho, J. (2020). Creating a hospitality leadership development training program for a country club. Journal of Tourisms, 4(2), 18-27

Khalid, U., Okafor, L. E., & Burzynska, K. (2021). Does the size of the tourism sector influence the economic policy response to the COVID-19 pandemic? Current Issues in Tourism, 3(1), 1-20.

Khan, A., Bibi, S., Lorenzo, A., Lyu, J., & Babar, Z. U. (2020). Tourism and development in developing economies: A policy implication perspective. Sustainability, 12(4), 1618.

Leiper, N. (2018). The framework of tourism: Towards a definition of tourism, tourist, and the tourist industry. Annals of tourism research, 6(4), 390-407.

Lenzen, M., Sun, Y. Y., Faturay, F., Ting, Y. P., Geschke, A., & Malik, A. (2018). The carbon footprint of global tourism. Nature Climate Change, 8(6), 522-528.

Nepal, R., Al Irsyad, M. I., & Nepal, S. K. (2019). Tourist arrivals, energy consumption and pollutant emissions in a developing economy–implications for sustainable tourism. Tourism Management, 72, 145-154.

Pan, S. Y., Gao, M., Kim, H., Shah, K. J., Pei, S. L., & Chiang, P. C. (2018). Advances and challenges in sustainable tourism toward a green economy. Science of the Total Environment, 635, 452-469.

Qin, D., Xu, H., & Chung, Y. (2019). Perceived impacts of the poverty alleviation tourism policy on the poor in China. Journal of Hospitality and Tourism Management, 41, 41-50.

Richardson, R. B. (2021). The contribution of tourism to economic growth and food security (No. 1093-2016-88021).

Ritchie, J. B., & Crouch, G. I. (2018). The competitive destination: A sustainable tourism perspective. Cabi.

Samimi, A. J., Sadeghi, S., & Sadeghi, S. (2017). The relationship between foreign direct investment and tourism development: evidence from developing countries. Institutions and Economies, 59-68.

Tan, A., & Gosling, R. (2019). The European legacy and the higher education link in Singapore. In Higher Education in the Asian Century (pp. 87-108). Routledge.

Torres, R. (2020). Toward a better understanding of tourism and agriculture linkages in the Yucatan: Tourist food consumption and preferences. Tourism Geographies, 4(3), 282-306.

Tribe, J. (2020). The economics of recreation, leisure and tourism. Routledge.

Varela, D., Monteiro, F., Vidigal, P., Silva, L., & Romeiras, M. M. (2020). Mechanisms implemented for the sustainable development of agriculture: an overview of Cabo Verde performance. Sustainability, 12(14), 5855.

Vaughan, D. R. (2018). The cultural heritage: An approach to analyzing income and employment effects. Journal of Cultural Economics, 7(2),1-36.

Wilkins, E., de Urioste-Stone, S., Weiskittel, A., & Gabe, T. (2018). Effects of weather conditions on tourism spending: implications for future trends under climate change. Journal of Travel Research, 57(8), 1042-1053.

Yue, A. (2019). Film-induced domestic tourism in Singapore: The case of Krrish. In Domestic tourism in Asia (pp. 295-310). Routledge.
Published
2021-07-30
How to Cite
Suprayitno, B., & Heng, H. (2021). Significance of the Hotel and Tourism Sector on Economic Development in Singapore. Journal of Hospitality and Tourism Management, 4(2), 1-10. Retrieved from https://stratfordjournals.org/journals/index.php/Journal-of-Hospitality/article/view/846
Section
Articles