It’s no secret that the travel and tourism industries have taken it on the chin the past two years.
But there is light at the end of the tunnel.
With vaccinated travel lanes (VTLs) starting and the government extending the validity of the Singapore Rediscover vouchers to end-March 2022, tourism is starting to come alive again.
Based on initial demand, many are eager to travel overseas again.
Singaporeans have already ventured abroad to countries such as France, Germany and South Korea despite the hassle associated with additional safety precautions and regular testing via ART.
And this pent-up demand is not just limited to Singapore.
Expedia Group (NASDAQ: EXPE) announced new research that shows demand for cruises is on the rise, with a more than 20% month on month increase in demand for Canadian cruise searches in the current quarter and the next quarter.
With the outlook brightening, can investors see travel and tourism stocks hitting new highs next year?...