With travel plans back on the cards in 2021, the hospitality industry here is “waiting for lift-off”, owing to strong pent-up demand, says DBS Group Research analysts Derek Tan and Geraldine Wong. 

“The hospitality sector has borne the brunt of the Covid-19 pandemic but there is now light at the end of the tunnel,” say the analysts in a Dec 1 note. “With vaccine candidates clearing final trials and entering production, mass travel (especially for leisure) is likely to resume in 2021.”

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