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Year in Review: Can Singapore Travel and Tourism Stocks Soar to New Highs in 2022?
By The Smart Investor  •  December 28, 2021
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?...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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