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World Travel Awards honors Asia, Australasia and Indian Ocean

SINGAPORE – The travel elite of Asia, Australasia, and the Indian Ocean have walked off with top honors at a World Travel Awards (WTA) ceremony hosted in Singapore on Thursday, October 18, 2012. SINGAPORE – The travel elite of Asia, Australasia, and the Indian Ocean have walked off with top honors at a World Travel Awards (WTA) ceremony hosted in Singapore on Thursday, October 18, 2012. Mandarin Oriental, Tourism New Zealand, Banyan Tree, Baros Maldives, Cathay Pacific, and Pan Pacific were among the brands to emerge victorious at WTA’s Asia, Australasia & Indian Ocean Ceremony 2012. A packed delegation of VIPs, senior tourism figures, and international media traveled from 42 nations to attend the event at InterContinental Singapore, which was held in partnership with Singapore Tourism Board and TravelRave 2012, Asia’s most influential travel trade festival.

Economic lull begins to bite Singapore s tourism market

Singapore’s economic czars declaration the island nation is “technically” in recession since 2002 has hit Singapore’s attraction as a tourism and shopping heaven in the Far East. Singapore’s economic czars declaration the island nation is “technically” in recession since 2002 has hit Singapore’s attraction as a tourism and shopping heaven in the Far East. Singaporean Prime Minister Lee Hsien Loong in a warning to his countrymen on the looming financial turmoil in May said: “The Singapore economy will be more severely affected by the global financial turmoil. Dark storm clouds have gathered.” As tourists stay home or travel to holiday destinations nearer home, or nearby countries due to lower spending power, Singapore’s hotels and tourism-related industriesare “likely to suffer,” according to economic analysts.

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