{"id":14713,"date":"2021-02-15T15:45:36","date_gmt":"2021-02-15T15:45:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14713"},"modified":"2026-04-23T21:48:28","modified_gmt":"2026-04-24T00:48:28","slug":"genting-singapore-recovery-depends-on-lifting-of-travel-ban","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-recovery-depends-on-lifting-of-travel-ban","title":{"rendered":"Genting Singapore recovery depends on lifting of travel ban"},"content":{"rendered":"\n<p>Analysts have said that Genting still is halfway towards a full recovery but that a lifting of travel restrictions is needed to return to pre-pandemic incomes. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.- Analysts at <strong>Kenanga Research<\/strong> have reported that the recovery of the regional leisure, hospitality and integrated resorts giant <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-returns-to-profit-in-q3\" target=\"_blank\">Genting Singapore<\/a><\/em><\/strong> will <strong>largely depend on the lifting of current travel restrictions.<\/strong><\/p>\n\n\n\n<p>The analysts said: \u201cThe management (of Genting Singapore) remains cautious given the limited local market size to grow the business. <\/p>\n\n\n\n<p>&#8220;Unless cross border restrictions, especially for leisure travelling, is lifted, a full recovery is unlikely in the near term.\u201d<\/p>\n\n\n\n<p>Looking at <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-singapores-revenues-fall-90-in-2020\" target=\"_blank\">Genting&#8217;s financial reports<\/a><\/em><\/strong> from the second half of the 2020 financial year, <strong>Kenanga maintained that the company remains halfway from recovery.<\/strong><\/p>\n\n\n\n<p>The company reported that full-year revenue for 2020 fell by\u00a0<strong>nearly 90 per cent<\/strong>, resulting in its <strong>\u201cworst financial performance\u201d<\/strong>\u00a0<strong>since the opening of its Resorts World Sentosa property in 2010.<\/strong><\/p>\n\n\n\n<p>In a bid to\u00a0<strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/singapore-casinos-see-huge-drop-in-local-visitation\" target=\"_blank\">boost visitation<\/a><\/em><\/strong>\u00a0while travel restrictions remain in place, <strong>RWS has launched \u201cstaycation packages\u201d for Singapore residents.<\/strong><\/p>\n\n\n\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts have said that Genting still is halfway towards a full recovery but that a lifting of travel restrictions is needed to return to pre-pandemic incomes.<\/p>\n","protected":false},"author":2,"featured_media":14716,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Singapore's financial recovery remains significantly hampered by ongoing travel restrictions, with Kenanga Research analysts indicating the company is halfway to pre-pandemic performance. The integrated resort operator reported a nearly 90% revenue decline in 2020, its worst since 2010, prompting local \"staycation\" initiatives to mitigate the impact of limited cross-border leisure travel.","focusai_entities":"Genting Singapore, Kenanga Research, Resorts World Sentosa","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Genting Singapore GGR Outlook","query":"What are the revised GGR projections for Genting Singapore in FY2021 and FY2022, assuming a phased lifting of regional travel restrictions?"},{"label":"Regional Operator Strategies","query":"How are other integrated resort operators in APAC adapting their B2C strategies and capital expenditure plans in response to prolonged international travel limitations?"}],"footnotes":""},"categories":[163,16333],"tags":[23687,23632,23907],"class_list":["post-14713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-genting-singapore","tag-integrated-resorts","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14713"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14713\/revisions"}],"predecessor-version":[{"id":14745,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14713\/revisions\/14745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14716"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}