The Hospitality Industry is expected to generate more than US$4,700 billion of economic returns world wide by year 2012.
By the year 2012, more than 134 million jobs are expected in the leisure industry around the globe.
The two proposed Integrated Resorts (IR) in Singapore are expected to generate 35,000 new jobs and will boost GDP up by $1.5 billion by the year 2015.
Integrated Resort Las Vegas Sands has been awarded the project to build Singapore's first integrated resort within the prime business district. Here are some facts on the project:
- The total investment is more than $5 billion, inclusive of the land price and other associated capital costs
- The Sands is expected to add $2.7 billion to the Singapore economy by 2015.
- 2500 hotel rooms , 110,000 sq m of convention space, 8000 people capacity column free ballroom, 3000 seat amphitheatre
- Sands targets to attract 700,000 visitors every year.
- The Las Vegas Sands in Singapore will be the most expensive casino in the world.
