TOURISM BENEFITS
Political Impacts
For example, the opening of the Singapore Arts Festival was held at the Marina Barrage and thousand of people came to witness the grand opening of the Art Festivals. Marina Barrage was not a well known place. When the opening of Art Festivals was being held there, many people are becoming more aware of the national icon of Singapore, Marina Barrage, a place that is going to complement Marina Bay and it is a part of the upcoming development of Marina Bay Sands. Now Marina Barrage is seen as a national icon.
On top of that, it helps Singapore in attaining a greater international prestige.
Economic Impacts
Despite the economic downturn, Singapore Arts Festivals turned to be a success. It attracted thousands of people to the whole festivals since the price of tickets were being reduced by twenty percent. This actually gives a rise to the Gross Domestic Product (GDP) of Singapore. It created more revenue for Singapore. Not only that the tourism receipt also increase due to the inbound tourism.
This festival attracted thousands of visitors around the world and these visitors are likely to extend their length of stay. Thus hotels will have more revenue coming in.
Social and Cultural Impacts
Social and Cultural Impacts is actually the obvious impact seen in Singapore. Singapore has become a place in Asia for performing Arts. Singapore Arts Festival has gained so many recognitions and prestige overtime. Singaporeans were exposed to so many different background and cultures from many countries around the world. These actually educate and broaden Singaporeans understanding of Arts from around the world.
Physical and Environmental Impacts
Again, the opening of Singapore Arts Festival at Marina Barrage has showcased the new icon of Singapore. Marina Barrage is a part of the upcoming development of Marina Bay Sands. So everyone around the world could catch a glimpse of Singapore upcoming future environment in Marina. It was a positive exposure for Singapore.