Hospitality, retail sectors to gain from freer Singapore-China visa rules

SINGAPORE-LISTED stocks in the hospitality, transport and retail sectors are set for a boost with the relaxation of visa regulations between China and Singapore next year.

The aviation industry also stands to gain from more Chinese visitor arrivals, although analysts said the impact on national carrier Singapore Airlines (SIA) will be mixed, given the competition from other carriers.

The 30-day visa-exemption agreement, likely to be implemented in early 2024, is part of the drive to bring travel back to – and beyond – pre-Covid levels.