Staycation, anyone ?Some budget hotels like in SG are actually enjoying good business now despite the Covid-19. Why?
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You can see due to Covid-19 (again and again), what one country's action can have a drastic action on another country. Travel ban are now common practice amongst many countries as they scrambled with great anxiety to contain the virus within. As number of new cases start to rocket and more deaths registered, fingers are pointing, people are angrier and unhappy, demanding more to be done to help alleviate the situation. Government worldwide are doing their best but the stubborn Covid-19 simply won't give in ..........
Marriott has a good run last Friday, enjoying a near 12% jump. I did say in other posts that pull back or dead cat bounce, whatever you call it is a good selling opportunity. Let's see if it turns true later when the market opens.
