20-04-2011, 10:15 AM
(20-04-2011, 09:56 AM)Musicwhiz Wrote:(20-04-2011, 09:50 AM)Thriftville Wrote: Besides Pico & Cityneon, would it be easy for competitors from other regions to enter SG market & start competing with Kingsmen?
I think I covered this point on my blog and it is also found in this thread (read through all 19 pages if you have time).
The basic issue here is that there are already many smaller contractors who do fitting out for a wide range of retail shops etc, but these are small scale and they have their own market segment to cater to. Kingsmen competes more on high quality and professionalism and being able to do roll-out Management services for international clients, so this is an edge for them. Being in this industry for 35 years also helps.
For MICE side, it's hard for a new competitor to come in as these are mega-events which require track record, adequate staff and also time/commitment which smaller firms may not possess.
Thanks for your quick reply! Actually I'm wondering whether there are companies much larger & experienced than Kingsmen in the US, Europe, that may come to SG to compete?