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There’s good news and bad news from the Accor announcement that it’s launching a massive recruitment drive to fill more than 1,000 jobs in Australia and New Zealand.
Shares in tourism-related stocks in Australia bounced on Thursday after the government announced a A$1.2 billion ($928 million) stimulus package that includes 800,000 subsidized half-price airfares.
Dr Mario Hardy, CEO of the Asia Pacific Travel Association (PATA) talks with Asia Gaming Brief Managing Editor Sharon Singleton about his organization’s forecasts for tourism recovery in Asia.
Fitch Ratings has joined rival agency Standard & Poor’s in expressing concern over the speed of recovery for Genting Bhd, citing a lag in Singapore, which is reliant on international tourism arrivals.
Ratings agency Standard & Poor’s has reaffirmed Genting Malaysia’s BBB rating, but says the outlook is “negative” due to a slower-than-expected recovery in Singapore.