Tourism leaders called to break down silos in the industry

In the face of rising business costs, labour scarcity, digital disruption and increasing competition for tourist dollars, individual sectors can no longer afford to go it alone.

The forum, which featured panel discussions with the association representatives and industry leaders, was the first meeting for some. Mr Yeo Guat Kwang, assistant director-general of the National Trades Union Congress and supervising lead of its Hospitality and Consumer Business Cluster, said that"the hard reality is that costs will keep going up", and cost wastage is one area that must be looked at.

SRA executive director Rose Tong acknowledged criticism that the event has become drawn out and little more than sales and discounts. While between 30 and 40 per cent of sales on Orchard Road come from tourists, the street is under pressure to compete with the likes of the integrated resorts and the upcoming Jewel at Changi Airport, he added.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Geely chairman says China auto industry faces restructuring in next 3-5 yearsZhejiang Geely Holding's Chairman, Li Shufu, said on Wednesday China's automotive industry faces restructuring and bankruptcies in the next three ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Global travel industry seen 'resilient' despite slowing growthThe global travel industry is likely to expand by 4 percent in 2019 despite slowing economic growth in key areas such China and Europe, but a no-deal Brexit could wipe out 700,000 travel-related jobs, a top industry association said on Tuesday. The travel and tourism sector grew 3.9 percent to $8.8
Source: YahooSG - 🏆 3. / 71 Read more »

Dueling superminis distract from auto industry troublesTwo of Europe's best-selling cars, the Renault Clio and Peugeot 208, go head-to-head at the Geneva motor show on Tuesday, as the auto market they ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Beauty industry chalks up most complaints in 2018; watchdog flags ugly practices
Source: TODAYonline - 🏆 1. / 99 Read more »

Cancer immunotherapy biotech Tessa Therapeutics names industry veteran to boardIN a sign that it could be progressing towards certain milestones, Singapore-based immunotherapy biotech company Tessa Therapeutics continued to shore up its board of directors with another independent member on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »