Europe’s debt crisis unlikely to derail recovery in Singapore’s tourism industry as visitors from continent account for under 15% of total visitor-arrivals to country, says UBS according to Dow Jones.

UBS notes more than half of European tourism traffic to Singapore supported by less vulnerable economies like UK, Germany, France, Netherlands. Says tourism prospects supported by both casino-resorts, which “will transform Singapore into a preferred mono-travel destination”, evident in 5 straight months of stronger tourist-arrivals this year.

Cites CDL Hospitality Trusts (J85.SG), Frasers Centrepoint Trust (J69U.SG), Starhill Global REIT (P40U.SG), Suntec REIT (T82U.SG) as favourites in sector, with Buy calls on all, respective targets of $2.36, $1.65, $0.71, $1.53.