Resort World Sentosa buildings in Singapore on July 16. Domestic tourism efforts encouraging “staycations” are unlikely to make up the gap in revenue created by the pandemic, but hotels in Asia could make a rapid recovery once travel restrictions are lifted. Photo: AFP Resort World Sentosa buildings in Singapore on July 16. Domestic tourism efforts encouraging “staycations” are unlikely to make up the gap in revenue created by the pandemic, but hotels in Asia could make a rapid recovery once travel restrictions are lifted. Photo: AFP
Resort World Sentosa buildings in Singapore on July 16. Domestic tourism efforts encouraging “staycations” are unlikely to make up the gap in revenue created by the pandemic, but hotels in Asia could make a rapid recovery once travel restrictions are lifted. Photo: AFP
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Asia’s coronavirus-battered hotel industry poised for a rally once curbs on travel end

  • Many properties have had to cease operations for several months, with demand likely to remain weak for at least the next year
  • While hotels are viewed as a more volatile asset class by investors, tourism is likely to rebound quickly once travel restrictions are lifted

Resort World Sentosa buildings in Singapore on July 16. Domestic tourism efforts encouraging “staycations” are unlikely to make up the gap in revenue created by the pandemic, but hotels in Asia could make a rapid recovery once travel restrictions are lifted. Photo: AFP Resort World Sentosa buildings in Singapore on July 16. Domestic tourism efforts encouraging “staycations” are unlikely to make up the gap in revenue created by the pandemic, but hotels in Asia could make a rapid recovery once travel restrictions are lifted. Photo: AFP
Resort World Sentosa buildings in Singapore on July 16. Domestic tourism efforts encouraging “staycations” are unlikely to make up the gap in revenue created by the pandemic, but hotels in Asia could make a rapid recovery once travel restrictions are lifted. Photo: AFP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.