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Taxi Assessment Report

 Taxi Review Report Article

Introduction

Singapore, an area country with a population of 5 million and a land area of 710 square kilometres one particular is known to have one of the best open public transport program in the world. People transport product is mainly made up of the MRT, buses, LRT and Cabs. Taxis are thought a high end form of public transport because passengers have the ability to enjoy a even more personalised transport service by a premium service relative to the other forms of transport systems. With the fast growing human population and an increasing number of tourist arrivals, the demand intended for taxis can be increasing in a rapid charge and we anticipate there is space for additional taxi operators on the market. This Oligopoly market at present consists of primarily 7 cab operators1 that collectively use a total of 26, 000 2 taxis on the road. They are offering the same form of transportation service to buyers. In recent years, the industry has become liberalised a bit whereby fares are de-regulated so that specific operators can easily decide make their own fares within the stipulated range. New entrants are usually allowed as long as they fulfill the pre-requisite criterias. 1 The industry since illustrated via SWOT analysis

Strengths

Singapore's population clothes 5. 08 million in Jun 2010 3. Holiday arrivals have also been on a stable increase and we foresee the rising trend to continue because of Singapore's latest attractions, the 2 newly accomplished integrated resorts as well as the Common Studio Amusement park. With these increasing numbers, the demand of taxi will even increase. Businesses in Singapore announced a normal 4. a few % payment increase in 2011 4. With increasing, more people will be willing and be able to afford to take taxis. The waiting coming back taxis has been increasing over time and many relevers had indicated that they are not able to get a cab especially through the morning maximum hours of 7am – 9am and evening optimum hours of 5pm to 8pm. These kinds of illustrate there is a strong with regard to more cabs in...

Referrals: 1 . http://www.gist.edu.sg/cmsresource/travel%20conference/land%20transport%20in%20singapore.pdf

2 . http://www.lta.gov.sg/corp_info/doc/Taxi%20Info%20for%20LTA%20Website%202011.pdf

3. http://www.singstat.gov.sg/

4. http://www.averagesalarysurvey.com/article/average-salary-in-singapore/04234524/income.aspx

5. www.taxisingapore.com/taxi-stands/ iHi

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