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How a Lack of Domestic Tourism affects Singapore based businesses
By Investmoolah  •  July 26, 2020
Some of us may have probably heard of "Domestic Tourism" in recent months. It refers to citizens being a tourist in their own country for holidaying purpose. Well known examples of domestic tourism are the Japanese visiting Hokkaido during late spring/ Okinawa during the winter months or Koreans visiting Jeju Island. 
In recent times, our government has been trying to spur the tourist dollar by having campaigns and encouraging Singaporeans to visit our own attractions and have staycations; but truthfully, it is implausible that I can plan a 3 days itinerary to Jurong to visit attractions.

To me, it is an issue that seems to be under-rated by investors in Singapore now. Tourists are one of the most price insensitive consumers and are willing to spend money to unwind and try new things. Singapore on the other hand does not have a domestic tourism market at all.
The lack of a...
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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