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Hot stocks: aviation, tourism-linked counters rise on singapore's reopening.

Tan Nai Lun

AVIATION and travel-related counters in Singapore were up in the morning on Thursday (Feb 17), after the Republic announced reopening plans that include relaxed pandemic restrictions and more vaccinated travel lanes (VTLs).

Shares of flag carrier Singapore Airlines (SIA) C6L were up 2.1 per cent or S$0.11 to S$5.44 at 9.12 am, with 2.3 million shares changing hands. Its maintenance arm SIA Engineering (SIAEC) S59 : S59 0 % rose 4 per cent or S$0.09 to S$2.35 at 9.08 am, with 429,700 shares traded.

Meanwhile, group handler SATS S58 gained 3.6 per cent or S$0.15 to S$4.30 at 9.05 am, with 1.7 million shares changing hands, while ST Engineering S63 : S63 0 % inched up 0.5 per cent or S$0.02 to S$3.88 at 9.29 am, with 838,100 shares traded.

As for hospitality group Genting Singapore G13, the counter gained 1.3 per cent or S$0.01 to S$0.795 at 9.06 am, with 2.7 million shares changing hands. Transport operator ComfortDelGro C52 : C52 0 % was also up, rising 3.4 per cent or S$0.05 to S$1.52 at 9.01 am, with 5.2 million shares traded.

On Thursday, SIA closed up 1.5 per cent or S$0.08 at S$5.41, SIAEC closed up 4 per cent or S$0.09 at S$2.35 and SATS closed up 1.2 per cent or S$0.05 at S$4.20.  ComfortDelGro closed up 1.4 per cent or S$0.02 at S$1.49.

ST Engineering and Genting Singapore closed unchanged at S$3.86 and S$0.785 respectively.

A NEWSLETTER FOR YOU

Our picks of the latest dining, travel and leisure options to treat yourself.

On Wednesday, Singapore announced various moves it was taking to reopen the country, including simplifying safe-management measures and streamlining Covid-19 recovery protocols .

The Republic was also simplifying Covid-19 border measures such as quarantine and testing requirements, and it also announced new VTLs , with Hong Kong, Qatar, Saudi Arabia and the United Arab Emirates.

According to DBS Group Research, this “clearly demonstrates the government’s commitment” for Singapore to reopen and regain its status as an aviation and business hub.

In a report on Thursday, the research team said the reopening was timely for hotel operators amid declining bookings for quarantine. The aviation sector should also benefit as more countries in the region relax border controls.

DBS expects a swift rebound in both inbound and outbound tourism from the second quarter of 2022, after the travel and tourism sector sheds Omicron’s impact in Q1.

Singapore expands VTL to new destinations, restores quotas for land and air travel

Singapore's move to streamline Covid-19 rules signals confidence in living with virus: observers

Singapore 2021 GDP grew 7.6%, faster than advance estimates; MTI keeping 2022 forecast to 3-5%

Singapore keeps 2022 export forecasts; 2021 NODX beats official estimates to grow 12.1%

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Top 3 Singapore Travel and Hospitality Stocks You Can’t Miss

May 24, 2023

The recovery of the tourism industry continues into 2023 after a strong rebound in 2022.

According to the Singapore Tourism Board (STB), visitor arrivals to the city-state reached 1.1 million in April 2023, the highest monthly total since the pandemic.

As of 30 April, Singapore has welcomed over 4 million visitors in 2023.

The forecast for the full year is 12 to 14 million international visitors, with tourism revenue estimated to reach between S$18 billion to S$21 billion.

This has led to a strong demand for travel and hospitality stocks.

To put into perspective, the 10 most traded stocks that represent the travel and hospitality industries have generated an average of 1.3% gain during the first 20 weeks of 2023 ending 18 May as compared to Singapore’s Straits Times Index (STI)’s total return of 0.3%.

Net institutional inflows into these stocks were at S$186.7 million as compared to the net institutional outflow of S$2.3 billion for the broader Singapore market.

With so much interest in the Singapore’s travel and hospitality stocks, here are the top 3 names that you won’t want to miss.

1. Genting Singapore

Genting Singapore Limited (SGX: G13) led the Singapore market in net institutional inflows year-to-date (YTD) ending 18 May 2023.

The casino operator and owner of Resorts World Sentosa (RWS), one of the largest fully integrated destination resorts in Southeast Asia, has benefitted from the return of tourists to Singapore.

Genting Singapore reported strong earnings growth in the Q1 FY2023 as revenue and earnings before interest, tax, depreciation and amortization (EBITDA) grew by 54% and 56% respectively.

The ongoing recovery of regional travel and gaming demand has supported its earnings growth but it has fallen short of analysts’ expectations.

Despite of that, Genting Singapore will continue to focus on its expansion strategy with the RWS 2.0 strategy, which includes a S$4.5 billion expansion project over different phases.

Among some of them includes the Minion Land at Universal Studios Singapore and the Singapore Oceanarium that are expected to schedule for soft opening by early 2025.

This is in line with Genting Singapore’s strategy to position itself as a premium luxury destination that appeals to affluent customers.

Singapore Airlines Ltd (SGX: C6L), or simply known as SIA, has also returned to investors’ radar as it posted its highest net profit in over seven decades.

For the first 20 weeks of 2023, SIA was the best performer among the travel and hospitality stocks with a total return of 10.1%.

Revenue for FY2023 jumped by 133.4% to S$17.8 billion from a year ago while net profit hit a record high of S$2.16 billion.

This was a reversal of the net loss of S$962 million recorded in FY2022.

The strong results were mainly due to strong demand for air travel as international travel resumed.

Both its carriers, SIA and Scoot, were among the first to launch flights and capture the pent-up demand upon the reopening of borders.

Going forward, SIA will capitalize on the strong momentum and position itself as a global aviation leader in the post-COVID era.

Riding on the recovery momentum, SIA noted that demand for air travel remains robust in the first quarter of FY2024, underpinned by the recovery in air travel in East Asia.

However, inflationary pressures, geopolitical tension and high fuel cost could drag on earnings growth going forward.

3. CapitaLand Ascott Trust

Among the Singapore REITs that are involved in the travel and hospitality industry, CapitaLand Ascott Trust (SGX: HMN) is the most actively traded.

In the business update for the first quarter of 2023, CapitaLand Ascott Trust or simply known as CLAS, announced a significant rise in gross profit by 59% on a year-on-year basis.

The increase can be attributed to a robust operational performance and the positive impact of new properties added to its portfolio.

Remarkably, the trust recorded a 90% YoY surge in Revenue per Available Room (RevPAU) in key markets including Australia, Japan, Singapore, and the USA, all of which demonstrated a performance at or above pre-pandemic levels.

Most noteworthy was the performance in Japan, where CLAS reported a substantial 351% YoY leap in RevPAU, reaching 105% of the pre-Covid levels of the same stores.

This boost followed Japan’s decision to reopen its borders to independent leisure travelers in October 2022.

With recovery in the tourism industry expected to continue, I believe CLAS is poised to increase its distribution per unit (DPU) in 2023 .

Remarkable recovery for travel and hospitality stocks

We have seen remarkable strides in the recovery of travel and hospitality stocks from the impacts of COVID-19 pandemic.

While uncertainties persist in the face of inflationary pressures, geopolitical tensions, and high fuel costs, I believe these three stocks, Genting Singapore, SIA and CLAS, serve as examples of how crises can be turned into opportunities for growth and transformation.

Their resilience and strategic adaptation to the challenging economic climate exemplify the potential for rejuvenation in the travel and hospitality sector.

Disclaimer: ProsperUs Investment Coach Billy Toh doesn’t own shares of any companies mentioned.

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.

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SINGAPORE – The Singapore economy is on track for faster growth in 2024, aided by resilient global demand for its exports and above-trend growth in tourism-related industries, the central bank said on April 26.

The Monetary Authority of Singapore (MAS) maintained its estimate of 1 per cent to 3 per cent GDP growth in 2024, made in November, after the 1.1 per cent expansion in 2023. The main clusters of the economy are converging towards their pre-pandemic growth rates, it said.

“Growth in the trade-related and modern services clusters are expected to improve from last year, while that in the travel-related and domestic-oriented clusters will continue to moderate but stay above trend,” it said in its latest twice-yearly macroeconomic review.

The trade-related sector includes manufacturing and wholesale trade, while the modern services cluster is made up of financial, professional, information technology and media services companies.

The economy will be propelled by the ongoing recovery in the global electronics industry and the expected peaking of interest rates worldwide, said MAS.

Its optimism over Singapore’s outlook follows the International Monetary Fund’s April 16 upgrade of its 2024 global growth forecast to 3.2 per cent, from the 3.1 per cent projection in January 2024 and 2.9 per cent in October 2023.

MAS estimates that the global economy will expand by 3 per cent in 2024, slightly lower than the 3.3 per cent recorded in 2023, as the impact of past interest rate hikes and less supportive fiscal policy in most economies continues to exert a restraining effect on growth.

“Still, the global economy is likely to emerge unscathed in 2024 from the tightening of financial conditions, with economic growth set to become gradually more broad-based over the year,” MAS said. It added that global growth is set to improve to 3.3 per cent in 2025 as central banks start to cut interest rates.

The World Trade Organisation forecasts global merchandise trade to expand by 3.3 per cent in 2024, up from 0.8 per cent in 2023. In tandem, Enterprise Singapore expects the Republic’s non-oil domestic exports to increase by 4 per cent to 6 per cent in 2024 – a turnaround from the 13.1 per cent contraction in 2023.

While manufacturing activity slowed in the first quarter of 2024, MAS said the sector should continue to benefit from the ongoing global recovery in demand for electronic goods, especially for memory chips – a type of semiconductor that stores data.

Meanwhile, major central banks are unlikely to further tighten their monetary policies after having raised interest rates aggressively in the past two years to fight inflation. The benign policy-rate outlook should bolster financial sector activity here, MAS said.

Separate data released later on April 26 showed Singapore’s manufacturing output shrank 9.2 per cent year on year in March. For the first quarter of 2024, manufacturing contracted 1.8 per cent from a year ago, reversing from the 1.8 per cent expansion in the previous quarter.

MAS, in its briefing, said the pullback in electronics output was likely because of some short-term fluctuations in output of the crucial semiconductor segment as the underlying improvement in the global tech cycle remains broadly intact.

Nonetheless, Singapore’s short-term prospects will be underpinned by the upturn in the global tech cycle, and the expected start of the reversal of global monetary policy tightening, said MAS.

The modern services cluster also contracted in the January to March period, led by weaker performances across finance and insurance, professional services, and information and communications.

MAS said growth in the tourism-related industries should taper from the first-quarter boost from an unprecedented line-up of large-scale concerts.

Singapore experienced a surge in tourism activity as concerts held by internationally renowned artists Coldplay in January and Taylor Swift in March drew more than half the audience from abroad.

International visitor arrivals rose by 26 per cent in the first quarter from the previous three months and were up a significant 50 per cent compared with the same period in 2023.

Private sector analysts have estimated the tourism receipts generated by the concerts in Singapore ranged from $350 million to $450 million, depending on the assumptions made, such as the proportion of foreign visitors among the concertgoers and the length of stay in Singapore. But the concert bonanza is unlikely to be sustained through the rest of 2024.

Still, tourism-related growth will be underpinned by upcoming events of a smaller scale, as well as the continued recovery of Chinese tourist arrivals following the removal of remaining travel frictions, MAS noted.

The global economy has been surprisingly resilient, despite significant central bank interest rate hikes to restore price stability. However, the pace of disinflation in Singapore’s major trading partners, especially the advanced economies, has slowed after significant progress last year.

MAS warned that a delayed and slower pace of monetary easing in advanced economies could trigger latent financial vulnerabilities and consequently weigh on growth. Additionally, geopolitical risks or extreme weather events could result in supply-driven price hikes of goods and commodities.

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• Singapore economy
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March 28, 2022

5 Singapore Hotel stocks to buy as we open up

Written by:

On 24 March 2022, Singapore made a decisive move towards living with COVID-19 and took a major but measured step in opening up.

Entry rules into Singapore will be relaxed significantly from 1 April 2022, providing for quarantine free entry into Singapore for all fully vaccinated travellers without any on arrival test or quarantine requirements.

5 Singapore Hotel stocks likely to benefit

With this, we have identified 5 stocks with Singapore hotel assets that are likely to benefit from higher bookings and revenue per available room (RevPAR), as the industry benefits from an increase in travellers into Singapore.

1) Far East Hospitality Trust (SGX:Q5T)

Approx. -18% from pre covid levels.

Far East Hospitality Trust (FEHT) has a portfolio of 9 hotels and 3 service residences entirely in Singapore. In addition, FEHT has a 30% stake in a joint venture which owns 3 assets in Sentosa, namely, Village Hotel Sentosa, The Outpost Hotel Sentosa and The Barracks Hotel Sentosa.

The stock is currently trading at S$0.64, below its net asset value(NAV) of S$0.83. FY21’s distribution per unit ( DPU ) was S$0.0263, of which S$0.0153 was distributed in 2H21, indicating that 2H21 was stronger than 1H21, mainly because of higher occupancy in the Hotel segment. RevPAR also picked up in 2H21. This is still much lower than FY19’s DPU of S$0.0381.

FEHT also recently divested Central Square for S$313.2 million, thus reducing its total portfolio size to S$2.3 billion and reducing its aggregate leverage from 41.3% as at December 2021 to 33.5%. This will allow for greater financial flexibility to seek out potential yield accretive opportunities.

2) Amara Holdings Ltd (SGX: A34)

Approx. -22% from pre covid levels.

Amara owns a portfolio of hotels and resorts under the Amara brand in Singapore such as the Amara Singapore, a 388 guestroom hotel and the Amara Sanctuary Resort in Sentosa, which comprises of 140 guestrooms, suites and villas. Amara also owns the 100am retail mall, situated just beside the Amara Singapore and manages the Thanying Restaurant and Silkroad restaurant situated in Amara Singapore. The company also has a hospitality portfolio abroad in countries such as China and Thailand and is also involved in property investment and development.

The stock is currently trading at S$0.36, below its net asset value(NAV) of S$0.70. FY21’s earnings per share was S$0.0131, of which S$0.0081 was earned in 2H21, indicating that 2H21 was stronger than 1H21, as the company recorded higher revenues from its hotel business. However, FY21’s result was still significantly below FY19’s pre pandemic revenue and earnings.

The company also provided a favourable 2022 outlook across all segments, with the Hospitality segment underpinned by the reopening theme while its property investment segment would benefit from increase prices for private residential.

3) CDL Hospitality Trusts (SGX: J85)

CDL Hospitality Trusts (CDLHT) has a portfolio of 20 properties, comprising 18 hotels, 1 retail mall and 1 apartment in 9 countries across the world. In Singapore, it has 7 properties which comprise 6 hotels and 1 retail mall, Claymore Connect. The 6 hotels are Orchard Hotel, Grand Copthorne Waterfront Hotel ,M Hotel, Copthorne King’s Hotel, Studio M Hotel and W Singapore–SentosaCove.

The Singapore properties account for S$1.7 billion or 65% of the total asset valuation and contribute 45% of the net property income(NPI).

The stock is currently trading at S$1.28, below its net asset value (NAV) of S$1.33. FY21’s DPU was S$0.0427, of which S$0.0306 was distributed in 2H21, indicating that 2H21 was stronger than 1H21, mainly because of higher contributions from 7 countries. Similarly, occupancy and RevPAR also picked up in 2H21. This is still less than half of FY19’s DPU of S$0.092.

CDLHT also recently acquired Hotel Brooklyn in Manchester, United Kingdom for approximately S$43.8 million, thus increasing its total portfolio size to S$2.6 billion. Assuming the acquisition was completed in Dec 2021, Aggregate leverage would increase from 39.1% as at December 2021 to 40.0%. DPU would increase from S$0.0427 to S$0.0432. With a dual prong approach of accretive acquisition and increased operational profit from the reopening, CDLHT is looking at higher YoY distributions to unitholders.

4) OUE Commercial Trust (SGX: TS0U)

Approx. -24% from pre covid levels.

Since the Merger of OUE Commercial Trust (OUECT) and OUE Hospitality Trust(OUEHT) in 2019, OUECT now has a portfolio of 7 properties in Singapore, with the former OUEHT contributing a total of 3 properties to the portfolio, 2 properties being Hotels and 1 property being a retail mall. The 2 hotel assets are Hilton Singapore Orchard and Crowne Plaza Changi Airport while the retail mall is Mandarin Gallery.

The hotel and retail property account for S$2.1 billion or 36% of the total asset valuation and contribute 41% of the total revenue.

The stock is currently trading at S$0.42, below its net asset value (NAV) of S$0.57. FY21’s DPU was S$0.026, of which S$0.0137 was distributed in 2H21, indicating that 2H21 was stronger than 1H21, mainly because of higher contributions from its hospitality segment. The Retail segment saw rents declined through the year due to the sustained operational challenges facing the prime retail segment due to the pandemic.

The Hilton Singapore Orchard Hotel was rebranded from Mandarin Orchard at a cost of around S$90 million. The hotel now has 1,080 rooms and five restaurants and bars. Its meeting and function spaces will span 3,765 square metres and include three ballrooms. OUECT expects a projected return on investment of roughly 10 per cent on a stabilised basis from its $90 million expenditure.

It was officially reopened in February 2022 with new MICE (Meetings, Incentives, Conferences and exhibitions) facilities and fresh dining concepts after the asset enhancement works were completed. The completion is timely to meet growing demand for regional and global MICE events from Singapore’s reopening. The hotel will also benefit from Hilton’s global distribution network and established partnerships and receive more direct bookings through Hilton’s loyalty programme.

5) Fraser Hospitality Trust (SGX: ACV)

Approx. -32% from pre covid levels.

Fraser Hospitality Trust (FHT) has a portfolio of 15 properties, comprising 9 hotels and 6 service apartments in 9 cities across the world. The 15 properties comprises of 3,071 hotel rooms and 842 serviced residence units.

In Singapore, it has 2 properties, namely the Intercontinental Singapore, a hotel with 406 rooms and Fraser Suites Singapore, a service residence with 255 units. The Singapore properties account for S$798 million or 36% of the total asset valuation and contribute 21% of the NPI.

The stock is currently trading at S$0.49, below its net asset value (NAV) of S$0.65. As FHT has retained some of its distribution in the past few financial years to conserve cash and maintain financial flexibility, we compared distributable income (DI) instead and noted that 2H21 was significantly stronger at S$12.4 million compared to S$8.6 million in 1H21 for a total of S$21million for FY21. This is still less than half of FY19’s DI of S$84 million.

Similar to the other stocks mentioned above, FHT is poised to benefit from the reopening of Singapore’s borders. In addition, it also has a large percentage of assets based in countries such as Germany, Australia and UK which are countries with high vaccination rate and are also looking to reopen its borders.

The reopening of the Singapore borders is finally here after two long years!

Hotel stocks are asset heavy and geographically limited in nature and were severely impacted by travel restrictions and border closures. With the reopening providing for positive fundamental tailwinds, investors are presented with reasons for a potential buying opportunity.

While there could be other considerations such as interest rate hikes providing some headwinds, after weighing the pros and cons, investors may find that these Singapore hotel stocks could still provide value.

Is it time to buy Singapore REITs now

Should we invest in Genting Singapore Ltd (SGX:G13)?

Zhi Rong Tan

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Singapore travel and tourism market growth, size, trends, revenue, share and future competition, singapore travel and tourism market size- by type, by service type, by occupants- regional outlook, competitive strategies and segment forecast to 2033.

• Travel & Tourism
• Singapore Travel and Tourism Market
• Report Description
• Table of Content
• Research Methodology
• Download FREE Sample

• Adventure Travelers
• Business Travelers
• Cultural and Heritage Tourists
• Ecotourists
• Medical Tourists
• Millennial Travelers
• Senior Travelers
• Solo Travelers
• Singapore Travel and Tourism Market Size (FY’2023-FY’2033)
• Overview of Singapore Travel and Tourism Market
• Segmentation of Singapore Travel and Tourism Market By Type (Budget, Premium, Standard)
• Segmentation of Singapore Travel and Tourism Market By Service Type (Accommodation, Food & Beverages, Others)
• Segmentation of Singapore Travel and Tourism Market By Occupants (Group, Solo)
• Statistical Snap of Singapore Travel and Tourism Market
• Expansion Analysis of Singapore Travel and Tourism Market
• Problems and Obstacles in Singapore Travel and Tourism Market
• Competitive Landscape in the Singapore Travel and Tourism Market
• Impact of COVID-19 and Demonetization on Singapore Travel and Tourism Market
• Details on Current Investment in Singapore Travel and Tourism Market
• Competitive Analysis of Singapore Travel and Tourism Market
• Prominent Players in the Singapore Travel and Tourism Market
• SWOT Analysis of Singapore Travel and Tourism Market
• Singapore Travel and Tourism Market Future Outlook and Projections (FY’2023-FY’2033)
• Recommendations from Analyst

1.1. Scope of the report

1.2. Market segment analysis

2.1. Research data Source 2.1.1. Secondary Data

2.1.2. Primary Data

2.1.3. SPER’s internal database

2.1.4. Premium insight from KOL’s

2.2.1. Top-down and Bottom-up approach

4.1. Driver, Restraint, Opportunity and Challenges analysis 4.1.1. Drivers

4.1.2. Restraints

4.1.3. Opportunities

4.1.4. Challenges

5.1. SWOT Analysis 5.1.1. Strengths

5.1.2. Weaknesses

5.1.3. Opportunities

5.1.4. Threats

5.2.1. Political Landscape

5.2.2. Economic Landscape

5.2.3. Social Landscape

5.2.4. Technological Landscape

5.2.5. Environmental Landscape

5.2.6. Legal Landscape

5.3.1. Bargaining power of suppliers

5.3.2. Bargaining power of buyers

5.3.3. Threat of Substitute

5.3.4. Threat of new entrant

5.3.5. Competitive rivalry

6.1. Singapore Travel and Tourism Market Manufacturing Base Distribution, Sales Area, Product Type  6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Singapore Travel and Tourism Market

7.1. Singapore Travel and Tourism Market Value Share and Forecast, By Type, 2023-2033 7.2. Budget 7.3. Premium 7.4. Standard

8.1. Singapore Travel and Tourism Market Value Share and Forecast, By Service Type, 2023-2033 8.2. Accommodation 8.3. Food & Beverages 8.4. Others

9.1. Singapore Travel and Tourism Market Value Share and Forecast, By Occupants, 2023-2033 9.2. Group 9.3. Solo

10.1. Singapore Travel and Tourism Market Size and Market Share

11.1. Singapore Travel and Tourism Market Size and Market Share By Type (2019-2026) 11.2. Singapore Travel and Tourism Market Size and Market Share By Type (2027-2033)

12.1. Singapore Travel and Tourism Market Size and Market Share By Service Type (2019-2026) 12.2. Singapore Travel and Tourism Market Size and Market Share By Service Type (2027-2033)

13.1. Singapore Travel and Tourism Market Size and Market Share By Occupants (2019-2026) 13.2. Singapore Travel and Tourism Market Size and Market Share By Occupants (2027-2033)

14.1. Singapore Travel and Tourism Market Size and Market Share By Region (2019-2026) 14.2. Singapore Travel and Tourism Market Size and Market Share By Region (2027-2033)  14.3. Eastern Region 14.4. Northern Region 14.5. Southern Region 14.6. Western Region

15.1. Chan Brothers Travel Agency 15.1.1. Company details

15.1.2. Financial outlook

15.1.3. Product summary 

15.1.4. Recent developments

15.2.1. Company details

15.2.2. Financial outlook

15.2.3. Product summary 

15.2.4. Recent developments

15.3.1. Company details

15.3.2. Financial outlook

15.3.3. Product summary 

15.3.4. Recent developments

15.4.1. Company details

15.4.2. Financial outlook

15.4.3. Product summary 

15.4.4. Recent developments

15.5.1. Company details

15.5.2. Financial outlook

15.5.3. Product summary 

15.5.4. Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Which Travel Companies Offer Shareholder Benefits?

Select travel providers around the world provide some additional benefits to shareholders when they fly, stay, or book with the company.

Some of us might have acquired our fair share of travel stocks over the past year when they’ve been relatively undervalued due to the pandemic, so I thought it’d be worth going over some of the most prominent examples of shareholder travel benefits.

A few airlines around the world offer additional benefits to shareholders. Both of Japan’s mainline carriers participate in this practice, while there’s also a European airline that offers a backdoor channel to Star Alliance Gold for its investors. 

ANA & Japan Airlines

ANA’s shareholder benefit program is only available to members with registered addresses in Japan. A minimum holding of 100 shares is required; as of the time of writing, ANA’s stock price is trading at ¥2,518 (~$28), meaning that a minimum investment of ~$2,800 (CAD) is required to enjoy shareholder benefits.

In return, the shareholder is given one or more 50% discount coupons for use on any ANA one-way domestic flight. The minimum 100 shares earns you a single discount voucher, 200 shares earns you two vouchers, and so on:

Meanwhile, Japan Airlines’s shareholder benefit program is almost exactly the same as ANA’s, requiring a minimum 100 shares to start earning 50% discount vouchers. As of the time of writing, JAL’s stock price is trading at ¥2,291 (~$26), so you’d need a minimum investment of ~$2,600 (CAD) to partake.

Again, your ownership level determines the number of 50% discount coupons you earn, which are redeemable on JAL one-way domestic flights.

Unlike ANA, Japan Airlines doesn’t specify that the shareholder’s address must be registered in Japan; however, my understanding is that you do need to be a resident of Japan to trade on the Tokyo Stock Exchange in the first place, so it’s a bit of a moot point.

Anyhow, one-way domestic flights within Japan aren’t very expensive in the first place, so I wouldn’t say it’s a great incentive to put your money into ANA or JAL stock unless you truly believe in their stock (perhaps as a result of a life-changing experience onboard one of their First Class cabins).

Scandinavian Airlines, which trades on the Nasdaq Stockholm, offers shareholders exclusive benefits in their EuroBonus loyalty program . As of the time of writing, SAS’s stock price is currently trading at 1.97 SEK ($0.29).

If you own at least 4,000 shares of SAS, you’ll be eligible to participate in SAS Friends & Family campaigns, which are seat sales and deep-discount promotions normally reserved for SAS employees and their friends and families. That can be helpful if you sometimes book cash fares with SAS, but otherwise isn’t too interesting.

However, if you own at least 100,000 shares of SAS – an investment of $29,000 (CAD) – you can earn EuroBonus Gold status, which is equivalent to Star Alliance Gold. And as long as you hold onto your shares, you’ll be able to enjoy Star Alliance Gold status year after year.

Of course, $29,000 is no small sum of money, and it isn’t wise to put that into SAS stock purely for the perpetual airline status. Instead, if you think the airline’s long-term prospects are favourable and you’re in a position to allocate $29,000 towards their stock, then Star Alliance Gold is a very nice perk to enjoy until you decide to sell.

(Note that SAS will only hand out a maximum of 5,000 Eurobonus Gold memberships to shareholders every year, and priority is given to those with larger holdings. So if everyone started holding 100,000 shares of SAS for Star Alliance Gold, then soon 100,000 shares wouldn’t be enough.)

Based on last year’s dates, it appears that November 30, 2021 will be the date on which you must hold SAS shares to be eligible for shareholder benefits in 2022. I must say, that does leave me wondering if you could buy 100,000 SAS shares on November 30 and sell them on December 1 if you wanted a “free” year of Star Alliance Gold.

A few of the major hotel loyalty programs offer additional benefits for their shareholders, including one chain that Canadian travellers might find particularly interesting.

Accor is the hotel chain that encompasses Fairmont Hotels & Resorts, the Canadian luxury hotel brand that boasts a strong presence in Canada.

Unfortunately, there’s no meaningful way to earn and redeem Accor ALL points for outsized value, but the program does offer a shortcut to its mid-tier Gold status for anyone who owns 50 shares of Accor through the Accor Shareholders Club program.

As of the time of writing, Accor is trading at €32.05 ($47), so holding ~$2,350 (CAD) in Accor stock would earn you instant Accor Gold status until December 31 of the following year.

If you’re a Fairmont fan and you believe in the strength of the brand, then that might be a fairly realistic amount to invest – ideally in January of a given year, so that you can enjoy almost two years of Gold status.

Accor Gold status gives you a welcome drink, a room upgrade subject to availability, and early check-in or late checkout subject to availability. It doesn’t offer free breakfast or suite upgrades, but you can always ask and you might have a better chance as a Gold member.

Keep in mind that you can also earn Accor Gold status by signing up for the Ibis Business Card , which costs €90 ($132) per year. It’s up to you whether temporary stock ownership or a one-time €90 outlay is the better option, and whether either is worthwhile compared to the benefits of Accor Gold status.

Personally, I think both are good options if you plan on staying with Fairmont a couple times per year.

IHG Rewards

IHG mentions on their website that select benefits are available to any shareholder who holds at least one share of IHG stock. IHG is currently trading at US$67.95, so that would be the amount you’d need to put down to access IHG’s shareholder benefits.

However, those benefits seem to be cloaked in mystery, and it’s only through a FlyerTalk post by an IHG employee that we have a minimal understanding of what perks shareholders can expect. It seems to be a 15% discount off the Best Flexible Rate, with a rather unfavourable cancellation policy at that.

According to the IHG employee, simply booking the member advance purchase rate would probably land you within $5 of the shareholder discount rate, so it’s probably not worth bothering to buy a share of IHG stock unless you genuinely wanted to (perhaps as a result of their *ahem* industry-leading loyalty program).

Compared to airlines and hotels, the major publicly-traded cruise lines offer much more formalized shareholder benefits, entitling anyone who holds at least 100 shares to a certain amount in credits to be used for onboard purchases.

These credits are generally reserved for the shareholder themselves and cannot be extended to others, and they apply on unlimited sailings as long as the passenger continues to hold their shares.

Carnival Cruises

If you hold at least 100 shares of Carnival (currently trading at US$25 per share), you’ll be entitled to onboard credit of up to US$250 for sailings of 14 days or longer. The full chart of shareholder credits is as follows:

You must submit your request for the onboard credit three weeks prior to the sailing date.

Norwegian Cruise Line

If you hold at least 100 shares of Norwegian (currently trading at US$27 per share), you’ll be entitled to onboard credit of up to US$250 for sailings of 15 days or longer:

You must submit your request for the onboard credit 15 days prior to the sailing date.

Royal Caribbean

If you hold at least 100 shares of Royal Caribbean (currently trading at US$80 per share), you’ll be entitled to onboard credit of up to US$250 for sailings of 14 days or longer:

You must submit your request for the onboard credit 2–3 weeks prior to the sailing date.

Online Vacation Center

This one’s a bit out of left field: Online Vacation Center , an online travel agency for cruises, also offers shareholder benefits of their own . Anyone who holds at least 500 shares in ONVC (currently trading at US$2.20) will earn 5% in cash back on any cruise purchased through Online Vacation Center.

If you have a spare US$1,100 lying around, enjoy cruising, and believe the company’s prospects are favourable, you could park your cash in Online Vacation Center stock and earn a perpetual 5% discount on your sailings.

In fact, the fixed 5% cash back return makes it possible for us to calculate a breakeven point even if you were to treat the US$1,100 as a one-time expense rather than stock ownership – you’d be coming out ahead if you anticipate spending at least US$22,000 on cruises that can be booked through Online Vacation Center in the future.

I really do like the concept behind shareholder benefits by travel companies – if you’re a stock owner, you’re contributing directly to the long-term success of the airline, hotel, or cruise line, so it’s great to get a few benefits in return once you reach a significant level of stock ownership. It’s something that I wish more travel providers would consider adding as a component of their loyalty program. 

For now, SAS, Accor, and the major US cruise lines are the most active in this space, and the Accor Shareholder Club in particular is something you might consider if you have a few Fairmont stays lined up.

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SACRED JOURNEY OF FAITH

Journey to asia, roam oceania's wonders, adventures in the middle east, embark on a european odyssey, explore africa's heart, featured tours, featured umrah & hajj tours.

11H UMRAH (AWAL MADINAH)

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PHOTOS & VIDEOS

" Alhamdulillah, our journey to Jordan, Palestine and Egypt was smooth and simply incredible! Our group leader, Ustaz Syed Hassan was very accommodating, friendly and very generous (buying water/paying for porters for the jemaahs) without asking for any returns. Ustaz Syed also ensures that we had the best experiences that he could gave, together with our local tour guide for each country; Jordan - Mr Kamal, Palestine - Mr Hisham, And Egypt - Mr Ibadul Rahman. Ensuring our safety in each country while learning about each country cultures and history. I thanked each of the tour guide for their amazing explanation on Islamic values and histories as well as bringing us to amazing places. TravelConnect are blessed to have all these amazing people as their tour leader/guides. These 12 days journey was truly remarkable and worth the experiences. I pray that me and my family will be able to join and have Ustaz Syed Hassan as our tour leader again in the future; be it for wisata trips or for umrah. Allahumma Amiin! "

" Grp Umrah 11H 21Feb24 Alhamdulillah our first umrah went smoothly and peacefully. All of this was made possible because of the careful planning and execution by Travel Connect and in particular Haji Kaaba and Ustaz Sonhaji who were always there and available to help and guide us along from the moment we arrived at Changi and till we arrived safely back in Singapore. The itinerary for the whole umrah was, MasyaAllah, near perfect as it gave us sufficient time to do our ibadah collectively as a group as well as individually while at the same time allowed us more than enough time to do our shopping both in Makkah and Madinah. This was also made possible because of the hotels that we stayed in. For Makkah, it was the Al Safwa Royale Orchid Hotel which is literally 1 minute away from Masjidil Haram and 30secs away from all the shopping and food(since they're all located on the lower levels of the hotel). To be honest navigating through the maze of all the shops and eateries could be a challenge even for an ex-Survivor champion unless you have someone like Haji Kaaba around who helped in not only navigating through the labyrinth but also and more importantly getting the right price for the right quality of things that you are looking for. And as for Madinah, it was the Maden Hotel which is located conveniently about 5 minutes away from Masjid Nabawi and with plenty of shops all around. Again with the tireless help from Haji Kaaba guiding you around the area, you'll always get the best deals for your shopping. All in all, throughout the short journey to Makkah and Madinah, everything seems daunting and tiring for a novice like my wife and me but, Alhamdulillah with Haji Kaaba and Ustaz Sonhaji around, everything became easy and less tiring, Alhamdulillah. From Ustaz Sonhaji's kind and guiding voice through the recitation of doas and his patience explanation of all the historical facts of places that we visited to Haji Kaaba's constant encouragement and cheerful conversations, everything became almost effortless and smooth. Therefore and hopefully, if you are reading this and like me it is your first time performing umrah, I hope that, InsyaAllah when He invites you, you will consider Travel Connect as your choice, and if so then please ask for Haji Kaaba or Ustaz Sonhaji to be your guides. "

" The team overall was amazing in arranging our Ramadan umrah trip in 2024. Going during this peak period is known to be a real challenge but alhamdulillah, they made the experience a smooth one with their professional team in Singapore and in Saudi. The pre-trip had prepared us greatly with the right gear and tips to take note. Special regards to Ustaz Nafis for teaching us many things before the trip with classes and meetups. During the trip, our guides, Ustaz Syed Hassan, our group team leader l, took care of us throughout the trip, with our travel needs, umrah plans and informatics about many historical places with religious insights. Ustaz Amin, who was our Saudi local guide, had great expertise in the local land, 13 years with travel connect, protected and guided us amazingly too. The trip made us into family like no other, going through the challenges there was a special kinship. Would definitely recommend them. Looking forward to future trips with them for other occasions too. If you want to travel with confidence, travel right, I feel travel connect here is a gem, they know their stuff well, they know how to take care of their customers. As a young couple who does more free and easy trips, this experience was and eye opener in enjoying guided ones that I truly felt worth the time and money for. Keep it up travel connect! I forsee they will do very well in the future insyaallah. "

" Dear *Travel Connect*, I'm writing to share my recent Umrah experience with you from February 7th to 17th, 2024. It was truly a journey of self-discovery, filled with both highs and lows. While I acknowledge that I faced some personal challenges during the trip, I wanted to express my sincere gratitude to your team, especially Ustaz Nafis and Haji Jumat, for their unwavering support and guidance. Ustaz Nafis, your kind words and encouragement during my emotional moments meant the world to me. Thank you for going the extra mile to console me even when you were back in Singapore. Your compassion truly helped me navigate a difficult time. Haji Jumat, your dedication to ensuring everyone's well-being, especially during the hotel check-ins, was commendable. Your attentiveness and genuine care made the experience much smoother and more enjoyable for everyone. I also wanted to publicly apologise to my wife, fellow Jemaah members, and Ustaz Ali Zainal Abidin for my emotional outburst during the Umrah. I understand that my behaviour was unacceptable, and I deeply regret any hurt or inconvenience it caused. Looking back, I realise that certain external factors contributed to my emotional state. However, that doesn't excuse my actions. I take full responsibility and am committed to learning from this experience. Despite the challenges, I am grateful to have completed the Umrah during the blessed occasion of Isra' Mi'raj. It was a powerful and transformative experience that I will cherish forever. Thank you once again for your excellent service and support throughout this journey. I appreciate your understanding and professionalism. Sincerely, Noor Hamzah "

" 12D Venice + Balkan Trip 19 Feb to 1 Mar 2024 It was a very good experience for both my husband and I. We had a good time through out the whole program. The journey was smooth from day 1 till end. The program was specially curated and the local guide Erma was very friendly, knowledgeble and patience in providing answers to all the questions asked. Thumbs up and 5 star given to our tour leader Puan Ramlah who was very engaging, sporting, experience and managed the group well. From not knowing anyone on the first day we made many friends after the trip and became close like family. Many thanks to her initiatives. A shout out also to our driver Mr Emir who was very helpful, patience and skillful. His driving skill and sense of direction through out the trip were excellent. We felt safe having him around as our driver. Thank you TravelConnect for the initiative and gave us this opportunity and experience to see the world without having to worry about food and anything else. This trip will not be our last and will definitely come back and look forward to many more places to visit in future. InSyaAllah. "

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Singapore Shares Expected To Open To The Downside

April 21, 2024 — 08:03 pm EDT

Written by RTTNews.com for RTTNews  ->

(RTTNews) - The Singapore stock market on Friday wrote a finish to the two-day winning streak in which it had collected more than 40 points or 1.3 percent. The Straits Times Index now rests just above the 3,175-point plateau and it's looking at another soft start again on Monday.

The global forecast for the Asian markets in negative, with continued pressure likely on the technology shares. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to split the difference.

The STI finished modestly lower on Friday following losses from the financial shares and industrial issues and trusts.

For the day, the index shed 11.15 points or 0.35 percent to finish at 3,176.51 after trading between 3,152.72 and 3,195.77.

Among the actives, CapitaLand Integrated Commercial Trust rallied 1.08 percent, while CapitaLand Investment fell 0.40 percent, City Developments advanced 0.88 percent, Comfort DelGro shed 0.68 percent, DBS Group plummeted 9.19 percent, Genting Singapore stumbled 1.08 percent, Hongkong Land sank 0.70 percent, Keppel DC REIT slumped 1.20 percent, Keppel Ltd lost 0.43 percent, Mapletree Industrial Trust tanked 1.79 percent, Mapletree Logistics Trust plunged 2.24 percent, Oversea-Chinese Banking Corporation eased 0.15 percent, SATS declined 1.22 percent, Seatrium Limited jumped 1.32 percent, SembCorp Industries dropped 0.93 percent, SingTel gained 0.43 percent, Thai Beverage skidded 1.04 percent, Wilmar International added 0.59 percent, Yangzijiang Financial retreated 1.52 percent, Yangzijiang Shipbuilding tumbled 1.69 percent and Emperador, Singapore Technologies Engineering and Mapletree Pan Asia Commercial Trust were unchanged.

The lead from Wall Street is conflicted as the Dow opened higher on Friday and stayed that way, while the S&P and NASDAQ spent the entire session under water.

The Dow rallied 211.00 points or 0.56 percent to finish at 37,986.40, while the NASDAQ tumbled 319.49 points or 2.05 percent to end at 15,282.01 and the S&P 500 sank 43.89 points or 0.88 percent to close at 4,967.23.

For the week, the NASDAQ plummeted 5.5 percent, the S&P tumbled 3.1 percent and the Dow rose 0.1 percent.

The steep drop by the NASDAQ reflected heavy selling among shares of Netflix (NFLX) and AI darling Nvidia (NVDA). Reflecting the weakness in the sector, the Philadelphia Semiconductor Index dove by 4.1 percent to its lowest closing level since early February.

Banking stocks turned in a strong performance, driving the KBW Bank Index up by 2.9 percent. Interest rate-sensitive utilities stocks also moved notably higher amid a pullback by treasury yields, resulting in a 1.8 percent jump by the Dow Jones Utility Average.

Oil prices moved higher on Friday as geopolitical tensions rose following Israel's retaliatory attack on Iran. West Texas Intermediate Crude oil futures for May ended higher by $0.41 at $83.14 a barrel, although WTI crude futures shed about 3 percent in the week.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Follow our news, recent searches, sia stock down 1.8%, snaps 12-day winning streak, advertisement.

Following the “exponential” rise of Singapore Airlines shares over the past month, one analyst says a “near-term correction” may be due.

Singapore Airlines' net profit jumped to S$628 million in the three months ended Dec 31, 2022, up from S$85 million a year ago. (Photo: iStock)

Tang See Kit

SINGAPORE: Shares of Singapore Airlines (SIA) fell amid heavy trading on Friday (Jun 16), snapping a 12-day winning streak as investors took profit.

The stock got off to a promising start, rising to an intra-day high of S$8.05 before retreating through the rest of the trading day to as low as S$7.51. It eventually clawed back some lost ground to finish 1.8 per cent lower at S$7.77.

By contrast, the broader Straits Times Index rose 0.53 per cent to 3,260.03 points, led by gains in large-cap firms such as the three local banks and airline ground handler and food caterer SATS.

With the air travel industry on the mend, shares of SIA have been on an upward trajectory since the start of the year, with the advance boosted in recent weeks after the national carrier announced a record annual profit on the back of strong travel demand.

Last month, SIA announced a net profit of S$2.16 billion (US$1.63 billion) for the year ended Mar 31, rebounding from a loss of $962 million a year ago. The company also declared a final dividend of S$0.28 per share – a figure that market analysts have described as “generous” and would “enhance investor sentiment”.

Since then, the stock has soared nearly 30 per cent.

With this “exponential” rise likely triggering concerns that much of the recovery may have been priced in, IG market strategist Yeap Jun Rong told CNA that a “near-term correction” in the airline’s stock may be due.

“Given the exorbitant rise in share price over the past month, any sell-off from profit-taking activities may also be exacerbated,” he added.

Analysts from Morgan Stanley also downgraded SIA from “overweight” to “even-weight” on Friday, noting that positives such as strong fundamentals and favourable fuel prices have been priced in, according to a report from Bloomberg.

Singapore Airlines appoints first female CFO

SIA Group posts record annual profit of S$2.16 billion after three years of losses

Analysts have sounded a mixed outlook ahead for the airline.

While demand for air travel is set to remain strong – as seen from SIA’s latest monthly operating statistics which showed the national carrier and its budget counterpart Scoot serving 2.8 million passengers in May, up 65.8 per cent year on year – competition is rising as other airlines race to resume more flights.

“We note that the regional landscape is expected to become more competitive as regional airlines return more international capacity to the market,” said OCBC Investment Research analyst Ada Lim in a report dated Jun 14.

SIA’s cargo business, which is already seeing signs of a slowdown, will also see further impact amid macroeconomic headwinds and a recalibration of inventory levels to post-pandemic conditions.

More broadly, the airline industry is facing a host of global uncertainties, ranging from geopolitical tensions and inflationary pressures to a recessionary outlook that threatens to dampen discretionary travel expenditure.

That said, SIA is expected to still deliver strong results ahead, although the bar for market expectations has risen.

Said Mr Yeap: “Further increases in profitability for the company remain on the table, with pent-up travel momentum in place and some relief in cost pressures, but it will still have to deliver above investors’ expectations to drive the (its stock) higher.”

OCBC’s Ms Lim wrote that the airline’s share price “looks frothy” following the recent rally.

“We believe much of SIA’s recovery due to its first-mover advantage may have already been priced in given the recent rally in its share price, and remain cautious that SIA’s recovery momentum may begin to slow later this year,” she added.

That said, Ms Lim noted that the national carrier will continue to have a role in investors’ portfolios as a play on the recovery in the global hospitality and aviation industries.

“SIA’s commitment to service quality could differentiate it from competitors and allow it to defend its market share with greater success, translating to further, albeit limited upside,” she said.

Earlier in the day, SIA refuted a media report that said it may raise its stake in Air India to create a bigger full-service national carrier for India.

According to a Reuters report, the statement from the national carrier is in response to a report by Indian newspaper Mint, which said the carrier had expressed its desire to gradually raise its stake in the Indian airline to about 40 per cent.

“The Mint story dated Jun 16, 2023, is incorrect. There (is) no change in SIA’s position from the November 2022 announcement,” SIA said.

SIA to offer free unlimited Wi-Fi for economy, premium economy class passengers from July

'We learnt a lesson': Singapore Airlines CEO on trial of paper food boxes, removal of appetisers

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Local Flavor: the best places to eat and drink in Singapore

Apr 24, 2024 • 5 min read

Eating is a national obsession in Singapore © Pei Shyuan Yeo

There's a Singapore that people think they know, a hyper-globalized city of modern skyscrapers.

But once you know where to look, it peels away to another world, one where traditional beliefs and age-old customs are practiced. Eating is a national obsession. You know the city means serious business when the first inscription on the UNESCO Intangible Cultural Heritage list is the hawker or street food culture.

My background revolved around food, cooking at restaurants and hosting supper clubs. I took my knowledge of the streets to set up a food tour company focusing on the backstreets and local eats of the place I was born and raised in.  I have made it my life mission to help people find the best eats in the city. 

Think of this guide as getting the keys to the other, less visible city and immersing in the life of real Singapore. Let's get started, shall we?

If there is one breakfast I can only ever have in my life, my unconditional love would be the quintessential Singapore breakfast, the coconut and egg jam (kaya) toast at YY Kafei Dian . In a city that thrives on efficiency, this old-school breakfast spot continues to make its kaya from scratch. The result is a subtle smokiness of the toast, slattered with homemade kaya and topped with slices of buttery goodness. However, if you’re looking for all things sourdough, Bakers Bench Bakery is my go-to for breakfast meetings or just to work at a nice and inviting space for a few hours. The sticky buns are a personal favorite!

Coffee and snacks

Singapore has a thriving coffee culture, whether it’s the traditional coffee (kopi) or the specialty coffee shops. 

Let’s start first with kopi . A dark and full-bodied brew, it uses robusta beans that grow well in the region thanks to the higher temperatures and lower altitudes. There are so many ways to serve kopi that infographics have been made to demystify the art of placing your order. For example, Kopi-O kosong is straight black, Kopi-C is with condensed milk, and Kopi-Peng is iced coffee (remember this, you need this on humid afternoons in the city). And having it as a takeaway? Sometimes it might come in a plastic bag.

I’m also incredibly lucky to live within walking distance from Nylon, a beautiful space nestled on the ground floor of one of the oldest social housing estates in the city. Its coffees are beautiful and the staff are so down-to-earth that this place is worth returning to over and over again. 

And while you are in the neighborhood, pop by Ji Xiang Ang Ku Kueh , which sells what I like to think of as Singapore-style mochi, which are handmade and fresh daily. If this is your first time trying this snack, I recommend the traditional flavors of peanut or sweet bean. For freshly baked granola, you can’t go wrong at  Dearborn .

It’s time to hit one of the most defining aspects of the local way of life – eating at a hawker center. No visit to Singapore is complete without this experience and my personal favorite is the Beach Road Market. There are so many good eats here, but I tend to gravitate towards a lesser-known star, the chicken curry noodles at Da Po Hainanese. This is the way that chicken curry noodles should be done. The star of the dish is the gravy. It has a light savoriness that the ingredients, like the tofu puffs, soak up like a sponge. This market is also famous for its floor of hiking gear shops and I have many memories of picking up stuff for a camping trip before heading down to the food market.

Mid-afternoons in Singapore can be quite hot and humid and if you are looking to have heritage Singaporean recipes in an air-conditioned space, Rempapa would be a top pick. You can’t leave without trying buah keluak fried rice. Buah keluak is a seed of a tree that is native to Indonesia and Malaysia and believe it or not, is highly toxic if not prepared correctly! And because there should always be space for dessert, I also highly recommend finishing off with kuehs  (local sweets).

The city is not short of Michelin-starred restaurants and if you want to eat in any of them, you will need to book in advance. However, if you would like a non-blingy casual restaurant, my recommendation would be 808 Eating House . Reservations are recommended but walk-ins are also possible. With a tagline of "More fun dining than fine dining," you know you’re in for a good time.

In the heart of the charming Joo Chiat neighborhood, the chef has managed to put the spotlight on local and regional ingredients with a new spin on classic dishes. The result is that creations are both technically precise and wildly inventive, like the barramundi on a lightly spiced garam masala pumpkin puree with a touch of curry leaf oil.

If you are looking for Indian food, my top pick is  Revolver , which serves innovative modern Indian cuisine with global influences, cooked on a grill or open flame. Service is impeccable and the extensive drink list makes it a fun night out.

There is so much to love about Fura . The drinks are top-notch and the food menu is designed to pair with the drinks. As if this isn't reason enough to check out this space, its use of sustainable ingredients is nothing short of inspiring. For example, jellyfish – an overpopulated species in the oceans – forms part of the jellyfish martini. I have tried it and I recommend you try it too! Expect a relaxed atmosphere and attentive service by the all-female team. 

On the same street is Platform , a quirky understated cocktail bar with minimalist interiors. The drinks here not only taste good, but are also nutritious. Try the light and refreshing Rooibos72, a blend of orange blossom water, horseradish, sparkling sake and blue pea flower. The set-up makes you feel like you are hanging out at a friend’s place to chill and unwind. Isn’t it amazing that there are still these little places that you can escape to, even if it’s for an hour or two? 

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Reporting by Rishav Chatterjee in Bengaluru; additional reporting by Ankur Banerjee in Singapore; Editing by Shilpi Majumdar, Rashmi Aich and Varun H K

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