hydros
2021-12-28

$CITY DEVELOPMENTS LIMITED(C09.SI)$$UOL GROUP LIMITED(U14.SI)$$FAR EAST HOSPITALITY TRUST(Q5T.SI)$

Singapore hotel occupancy, RevPAR recover to pre-Covid-19 levels in Nov as international arrivals reach year-round high

1. THE Singapore hotel sector has recorded its highest occupancy rates and revenue per available room (RevPAR) since the Covid-19 pandemic decimated the tourism industry.

2. That's as the Republic welcomed 41,140 visitors in November, nearly double the 23,980 seen in the month before, the latest figures from the Singapore Tourism Board (STB) showed.

3. November's tourist arrivals were up from 14,750 in the year-ago period, and also the highest seen in 2021 - despite remaining a far cry from the 240,000 travellers in March 2020, when Singapore took the unprecedented step of closing its borders to almost all short-term travel.

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  • yeppy
    ·2021-12-28
    Thank you for the stock you recommended. Happy new yearThank you for the stock you recommended. Happy new year
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  • qingg123
    ·2021-12-28
    Does the recovery of Singapore's tourism industry mean that the global tourism industry will also recover?
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  • ladyman
    ·2021-12-28
    Singapore's tourism industry is recovering so fast. This is good for hotel stocks. Thanks for the recommendation.
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