Singapore’s leisure sector is hoping cheaper air fares will attract more tourists, but both corporate and leisure travellers are tightening their belts.
“Attractive flight deals have certainly helped to soften the impact and provided a much-needed stimulus to travel bookings,” said Robert Bailey, CEO of Abacus International.
“In a recent survey, an emerging trend for shorter, more regular intra-Asia and domestic travel rather than few long haul trips was identified.”
There are signs of optimism, helped by a quick recovery of Singapore’s Asian neighbours, particularly China.