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In a recent study conducted by Kadence
International, it was found that Singapore Airshow 2012
contributed over Sin$254.5 million worth of direct spending to the
Singapore economy in tourism receipts, hospitality, event and
personal spend. Of this, over Sin$219 million was from foreign
exhibitors, trade and public visitors.
The biennial Singapore
Airshow is one of the world's largest, and this year's event took place
from 14 to 19 February 2012 bringing together more than 135,000
attendees over the six days.
Singapore Airshow 2012 attracted 44,801 trade
attendees with 30% coming from overseas. The two public days also
attracted 90,301 visitors of which 9% were foreign. In total,
Singapore Airshow 2012 drew some 22,000 foreign visitors to the
event.
Of the foreign exhibitors, nearly a quarter (23%) stayed in
Singapore for more than 10 days to leverage networking and
business opportunities in the region, demonstrating Singapore
Airshow's value and continued appeal beyond the six days of the
show.
The Kadence study also established that the Singapore
Airshow generated nearly Sin$120 million of foreign revenue among
Singapore-based stand-building contractors, freight forwarders and
F&B caterers.
"I am delighted that Singapore Airshow 2012 has
had such a positive impact on Singapore's economy, with 86.2% of
revenue generated coming from overseas attendees," said Mr Jimmy
Lau, Managing Director of Experia Events, organiser of Singapore
Airshow. "This strong showing is testimony to Singapore Airshow's
position and relevance not only as a premier platform for
networking and business opportunities in the global aerospace
industry calendar, but also as an important contributor to the
MICE industry in Singapore."
Trade visitors and exhibitors at Singapore
Airshow 2012 formed a comprehensive cross-section of the aerospace
industry, with strong representation from Maintenance, Repair and
Overhaul (MRO), defence and land equipment systems and avionics
and unmanned technology companies as well as airlines, civil
aviation bodies, government and military officials.
The highest representation from exhibitors was
from aircraft and parts manufacturers at 50%, while 26% of trade
visitors were from the MRO industry.
As a direct result of Singapore Airshow 2012,
over half of exhibitors (54%) expected to finalise a sale with a new
customer while 36% of trade visitors anticipate forming a
strategic partnership over the next 12 months. More than US$31 billion worth
of deals were announced at Singapore Airshow 2012.
"We are heartened by the success Singapore
Airshow continues to enjoy, as seen by the strong industry
participation, record visitor numbers and strategic partnerships
formed during Singapore Airshow 2012," said Mr Lim Kok Kiang,
Executive Director, Transport Engineering of the Singapore
Economic Development Board. "As demand for air travel continues to
drive the growth of the Asia-Pacific aerospace industry, companies
looking to better serve the needs of their regional clients can
tap on Singapore's central location, business-friendly
environment, and its highly skilled workforce to orchestrate their
expansion in the region."
Singapore Airshow 2014 will take place from 11 to 16 February
2014 at Changi Exhibition Centre.
See also:
HD Videos from the Singapore Airshow 2010,
HD Videos from Asian Aerospace 2011,
HD Videos from Singapore Airshow 2012
and
HD Videos from Farnborough 2012
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