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Putting out the welcome mat for tourists

Samantha Chiew
Samantha Chiew5/19/2022 11:40 PM GMT+08  • 8 min read
Putting out the welcome mat for tourists
Among other improvements, Marina Bay Sands’ US$1 billion reinvestment programme will see the upgrading of all its hotel rooms in Towers 1 and 2 (Photo: The Edge Singapore/ Albert Chua)
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Marina Bay Sands (MBS), the integrated resort cum casino and a bellwether of Singapore’s tourism industry, is turning the table on the Covid-19 pandemic. In its recently released 1QFY2022 ended March results, owner Las Vegas Sands, reported ebitda rose to US$58 million ($81 million) in March from US$17 million in February, showing clear m-o-m growth.

The quick rebound was chiefly due to a release of global pent-up demand for travel given that the shutting of borders and grounding of flights were among the first emergency responses by governments when Covid-19 struck and spread quickly.

For two long years, safe for the most essential travel, most people were stuck at home and indulged their wanderlust by swiping through photos on CN Traveller.

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