SINGAPORE - The winding up of established travel agency STA Travel is a blow to the industry, but no wave of mass closures is expected to follow for now, observers say.
Some have also pivoted to sell staycation packages to the domestic market, while agents that cater to inbound tourism are now focusing on Singapore-bound international students. Mr Samson Tan, chief executive of GTMC Travel, said the extension of wage subsidies through March next year has been a lifeline for many, while employees are also taking pay cuts, going on training courses and being redeployed during the lull.
Chan Brothers Travel said it has received"significant interest" for its recently launched staycation packages, which include hotel stays paired with a guided tour of Sungei Buloh Wetland Reserve. As safety considerations and country-specific requirements are now a major concern for travellers,"the role of travel agents will become even more essential post-Covid", she said.
There is also strong pent-up demand for leisure travel, with wilderness, driving and sailing holidays garnering the most interest.
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