HOSPITALITY SECTOR POISED FOR STRONG GROWTH
Speech by Mr Lee Yi Shyan, Minister of State for Trade & Industry and Manpower at the 28th FDAWU-SHA-NTUC Productivity Seminar cum "Employee of The Year” and “Productivity Idea” Awards Presentation Ceremony on 27 May 2010, 2.10pm, at Orchard Hotel
The Singapore Food and Beverage (F&B) and retail sectors expects employment to increase by 33,000 this year.
"The hotel and the food and beverage industries sector grew by more than 12% quarter-on-quarter, bolstered by new and exciting developments in our tourism landscape, such as the opening of the Integrated Resorts. In fact, visitor arrivals in April rose 20.4% year-on-year, to an all-time record high of 938,000. The outlook for the tourism-related sector seems bright for now."
"Currently, our hotel, food and beverage (F&B) and retail sectors employ about 330,000 workers. A 10% increase in headcount would mean 33,000 workers."
According to the Minister of State for Trade and Industry and Manpower, Mr Lee Yi Shyan, the future for tourism-related sector is bright and Singapore is expecting a larger number of tourist.
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