Singapore finds staycations can't fill $27.7 billion tourism hole

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SINGAPORE (BLOOMBERG) - In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike up Mount Fuji, and New Yorkers can head to the Hamptons on Long Island.. Read more at straitstimes.com.

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SINGAPORE - In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike up Mount Fuji, and New Yorkers can head to the Hamptons on Long Island.

While tourism everywhere has been hammered by the pandemic, the gradual opening of some domestic travel has given a shot in the arm to airlines and hotels in places like Australia and Vietnam. Rosewood Hotel Group has seen occupancy rates as high as 70 per cent at some of its China properties as leisure travel picks up, said CEO Sonia Cheng.

Though the country of 5.7 million people has reopened its economy after a lockdown of more than two months, its borders are still largely closed. It recorded a historic low of just 750 foreign visitors in April, down from 1.6 million in the same month last year. May's numbers weren't much better, at 880.

The border closure means Singapore needs to persuade locals to spend more money at home. Even with overseas travel off limits, Singapore residents will still want to venture out, said Tourism Board CEO Keith Tan. With occupancy running at just 15 per cent for August, the iconic Raffles Singapore is offering a two-night special for about $795, complete with a complimentary Singapore Sling, free breakfast, city tour and spa discounts.

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