Hong Kong & Singapore Hotel Market Report
Singapore-Hong Kong: Air Travel Bubble (ATB) – Timeline
- Nov 22, 2020: First ATB was slated to launch between the two countries; one flight per day, 200 capacity
- Dec 1, 2020: ATB was postponed last minute due to a spike in cases in Hong Kong
- May 26, 2021: Second ATB set to launch with stricter vaccination requirements or a negative PCR test 72 hours prior to departure and another test taken upon arrival
Spotlight: Hong Kong & Singapore
Hotel searches reveal a spike in last minute trends — with more travelers intending to visit in the next 8-28 days & 29-90 days.
There’s a “once-bitten-twice-shy” mentality, as the last bubble was halted just five days prior to launch-date, due to a spike in COVID-19 cases in Hong Kong. Now we see a cautiously optimistic uptick after the travel bubble announcement.
Post-announcement, flight searches into Singapore show a strong positive trend, especially for lead time between 1-3 months. By comparison, travel searches outside of 90 days have yet to experience an uptick.
Singapore’s real-time demand shifts
May 26th is already seeing a surge in demand into Singapore, with Hong Kong the highest-searching location during the last 7 days.
Hong Kong’s real-time demand shifts
For the first weekend/post-bubble launch, Hong Kong is showing an increase in demand.