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.

Singapore will commence the [email protected] 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.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook