Singapore hotel market poised for steady rebound as border curbs ease: CBRE
Going forward, real estate firm is 'upbeat' yet 'cautiously optimistic' on outlook for 2022 amid release of pent-up travel demand
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Singapore
A RECOVERY in visitor arrivals to Singapore, likely to pick up further over the course of 2022, is expected to benefit hotels in the Republic as usage of the Vaccinated Travel Lane (VTL) scheme continues to grow.
According to data from CBRE's latest report on the Singapore hotel market, various signs of nascent recovery have emerged over the second half of 2021, led by premium segments such as luxury and upscale.
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