$SIA (C6L.SG)$ : High Networth Individuals flock to Singapor...
$SIA(C6L.SG$ : High Networth Individuals flock to Singapore amid 30 days' Visa exemption and political unease.
On January 25th, China and Singapore announced a mutual Visa exemption agreement that will officially take effect on February 9th, Chinese New Year's Eve.
Following the announcement, online travel platforms saw a surge in bookings from Chinese tourists heading to Singapore, with an increase of 30 times and continuing to grow.
I think SIA Passenger Load Factor may far exceed Covid-19 level in the coming months and/or years ahead.
According to the Visa exemption agreement between China and Singapore, citizens holding ordinary passports from both countries can enter each other's territories without a Visa for purposes such as tourism, family visits and business with a stay of no more than 30 days.
However, the agreement stipulates that activities requiring prior approval, such as working in journalism, along with plans to stay for more than 30 days require a Visa before entry.
The news of the Visa exemption has ignited enthusiasm among Chinese citizens leading to a rapid increase in the search popularity of Singapore on major online travel platforms.
Searches for flights to Singapore and search for hotels increased drastically.
The Visa exemption policy news commencing on Chinese New Year's Eve, comes in a very timely manner.
As of January 25th at 1600 hrs, bookings for trips to Singapore during the New Year holiday season exploded many times compared to the previous year, and are still on the rise.
Shanghai, Beijing, Hangzhou Guangzhou, Chendu, Shenzhen, Hong Kong, Wuhan and Shaman are popular departure cities for travels to Singapore.
On January 25th, China and Singapore announced a mutual Visa exemption agreement that will officially take effect on February 9th, Chinese New Year's Eve.
Following the announcement, online travel platforms saw a surge in bookings from Chinese tourists heading to Singapore, with an increase of 30 times and continuing to grow.
I think SIA Passenger Load Factor may far exceed Covid-19 level in the coming months and/or years ahead.
According to the Visa exemption agreement between China and Singapore, citizens holding ordinary passports from both countries can enter each other's territories without a Visa for purposes such as tourism, family visits and business with a stay of no more than 30 days.
However, the agreement stipulates that activities requiring prior approval, such as working in journalism, along with plans to stay for more than 30 days require a Visa before entry.
The news of the Visa exemption has ignited enthusiasm among Chinese citizens leading to a rapid increase in the search popularity of Singapore on major online travel platforms.
Searches for flights to Singapore and search for hotels increased drastically.
The Visa exemption policy news commencing on Chinese New Year's Eve, comes in a very timely manner.
As of January 25th at 1600 hrs, bookings for trips to Singapore during the New Year holiday season exploded many times compared to the previous year, and are still on the rise.
Shanghai, Beijing, Hangzhou Guangzhou, Chendu, Shenzhen, Hong Kong, Wuhan and Shaman are popular departure cities for travels to Singapore.
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