Singapore will commence the Connect@Changi business travel bubble facility this month, which the analysts believe will provide the foundation for future border opening protocols. In addition, the World Economic Forum (WEF) will be held in Singapore in August, may be a further boost to setting Singapore up as a safe hub and may spark more events later in 2021.
DBS Group Research has maintained its ‘overweight’ rating for Singapore’s hospitality sector, with travel bubbles poised to drive international travel.
Analysts Geraldine Wong and Derek Tan are upbeat on the prospects for hospitality REITs, which they believe will see better performance in the H2FY2021 as the rollout of vaccines globally boosts travel demand and Singapore implements new protocols for international travel.
