Operation
The attraction was expected to draw about 2.5 million visitors in its first year of operation, giving investors a net yield of about 13.4%. About 50% of visitors were expected to be foreign tourists, helping to generate about S$94 million in tourism receipts in its opening year. The expected visitorship figure was deemed ambitious by some however, but the STB and the wheel's investors were upbeat over its long-term prospects.
Adval Brand Group, its master ticketing distributor, guaranteed a minimum of 8 million euros in ticket receipts per year for its investors, which was based on an annual visitorship of 600,000.
Read more about this topic: Singapore Flyer
Famous quotes containing the word operation:
“It is critical vision alone which can mitigate the unimpeded operation of the automatic.”
—Marshall McLuhan (1911–1980)
“Human knowledge and human power meet in one; for where the cause is not known the effect cannot be produced. Nature to be commanded must be obeyed; and that which in contemplation is as the cause is in operation as the rule.”
—Francis Bacon (1560–1626)
“Waiting for the race to become official, he began to feel as if he had as much effect on the final outcome of the operation as a single piece of a jumbo jigsaw puzzle has to its predetermined final design. Only the addition of the missing fragments of the puzzle would reveal if the picture was as he guessed it would be.”
—Stanley Kubrick (b. 1928)