In the Singapore dollar credit space, we identify seven credit issuers whose credit profiles are closely linked to the health of the travel and hospitality sector.
Following an unprecedented three years of disruption since the beginning of the pandemic, the travel and hospitality industry has bounced back in 2023.
The United Nations World Tourism Organization (UNWTO) expects international tourism to fully recover to pre-pandemic levels in 2024, with initial estimates of a 2% growth above 2019 levels, while the International Air Transport Association (IATA) expects about 4.7 billion people to travel by air this year, around 4% more than 2019.
