DBS Bank senior economist Irvin Seah believes it will be"extremely difficult" for visitor arrivals to recover to pre-pandemic levels without a vaccine or cure, estimating that a recovery could take about two years."It will be a very tall order to even return to 10 to 20 per cent of what it used to be. At 1.49 million, 10 per cent is already more than 100,000," Mr Seah said.
In the meantime, hotels have been given a lifeline, albeit a flimsy one, by serving as dedicated facilities for people who need to serve their 14-day Stay Home Notice . This was made mandatory in late March for Singapore residents and long-term pass holders returning from the US and UK. The rule was extended to cover all returnees from April 9.
With hotels used as dedicated SHN facilities during the circuit-breaker period from April 7 to June 1, they were not allowed to offer staycations, a rule that continues even into Singapore's phased reopening.
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