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Singapore’s ‘Travel Revive’ could be demonstrable example for MICE tourism recovery, says GlobalData

Singapore will not be able to rely on domestic tourism as only 176,000 domestic trips took place in 2019 when compared to 14.5 million international arrivals. Therefore, the country hosted the first physical travel trade show (Travel Revive) in Asia since the COVID-19 outbreak to boost inbound Meetings, Incentives, Conferences, Exhibitions (MICE) tourism.

How big of a threat to the hospitality industry is Airbnb’s upcoming IPO?

View by Linchi Kwok

"Like most hotels were doing when the pandemic hit, Airbnb reported a 90% drop in booking or a $400 million adjusted loss in the second quarter. Additionally, Airbnb laid off 7,500 employees, 25% of its workforce, and immediately cut its marketing budget by 14%."