Another tough operating year ahead for Singapore’s hospitality sector

SINGAPORE (Jan 18): OCBC Investment Research is keeping its “neutral” rating on Singapore’s hospitality sector on expectations of a challenging 2017, but highlighting opportunities for dollar-cost averaging in 2018.

In a Tuesday report, lead analyst Deborah Ong notes a growing proportion of Chinese travellers arriving by land compared to by air – which she thinks could be due to an increase in long-haul flights from Chinese cities to Australia over the last three years.

“Many of these are operated by Chinese carriers that may conduct non-stop flights or choose to use other cities as opposed to traditional transit hubs such as Hong Kong and Singapore,” comments Ong.

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