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During the pandemic, Singapore saw a significant jump in pet ownerships, many of whom were first - time pet owners. According to Animal Veterinary Service
During the pandemic, Singapore saw a significant jump in pet ownerships, many of
whom were firsttime pet owners. According to Animal Veterinary Services group
director Jessica Kwok, the number of dog licences increased from about in
to about in
Based on a Euromonitor International report, the pet dog population in Singapore
including unlicensed dogs is around in up by almost per cent from
On the other hand, pet cat population hovers around in a jump of
almost per cent compared with
According to Mr Kam Kok Yen, head of animal health at Boehringer Ingelheim, pet
owners are spending more on their beloved furkids fuelled by the humanisation of
pets. He remarked that more pet owners are looking into the animals health and well
being as they treat the animals more like family rather than just a pet.
Meanwhile, as Singapore and other countries exit from the pandemic phase and
embrace COVID as endemic, countries have opened up their borders and
international travels are on the rise again. Mr Steven Ler, president of the National
Association of Travel Agents Singapore NATAS reckoned that the travel industry is
in the midst of a huge comeback He further commented, The appetite for overseas
travel is high as many desire to explore the world again and go revenge travelling in
hopes of making up for lost time.
As pet owners plan for their overseas trips, they are faced with the problem of arranging
for the care of their furkids in their absence
While this is an issue for pet owners, you see this as an opportunity. You believe there
is an attractive business proposition to start a pet hotel to meet the growing demand for
pet boarding services, particularly in the midtohigh tier segment as pawrents are
now more willing to splurge on pampering their furkids ensuring that their pets will
be welltaken care of whilst they are away.
Starting and operating a pet hotel requires significant investment and good planning
before commencing on this venture. You shared this idea at a recent networking event
and an interested potential investor has requested for a preliminary proposal prior to
further discussion. Sources: Adapted from Lee
Question : Justify the equitydebt ratio if the pet hotel decides that it requires an investment and loan of $ and $ from the investor respectively
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