A tourism surge is helping to keep recession clouds away.
Staff wanted: Marina Bay Sands is rushing to fill job vacancies including at its casino as travel to Singapore picks up.are casting long shadows on all trade-reliant nations. However, the global downturn is tipped to slow but not stop Asia’s consumption-led recovery.
Those concerns, however, do not appear to be top of mind for the hundreds of thousands of people on the move across the region every day.Singapore’s second-quarter trade data shows service exports climbed 13.2 per cent year-on-year. Transport was up 17.8 per cent while travel leapt 240 per cent on the same period the year before, when pandemic restrictions were still in place.
Thai Airways has cited strong third-quarter bookings in the rehabilitation plan it put forward to its receiver.It is again flying from Perth to take tourists to Bali, as Australians lead the charge back to the holiday mecca.
“In July, we had 59 per cent occupancy, which is a big improvement. We know some hotels in [resort enclave] Nusa Dua are now back up to 65 to 75 per cent. We are optimistic about the future.”Passenger traffic at Singapore’s Changi Airport was back to 50 per cent of 2019 levels in July, compared with just 20 per cent in March.
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