Businesses still in trouble if tourists don't return by 2021: survey

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Singapore businesses call on local shoppers for support. A staggering 90% of businesses surveyed in Singapore said that sustainability is likely to be severely to moderately impacted if tourists do not return by mid-2021 despite reporting improved sales in September and October, according to the American Express Business Recovery Research for Singapore. More than half of the 300 local business decision makers surveyed said that their business cannot stay open for more than six months if sales do not recover to pre-COVID levels by end of December 2020. read more