Bloomberg

Singapore's staycations can't fill $20 billion tourism gap

A cyclist passes the Merlion Statue in a near-empty Merlion Park during the lockdown in Singapore on May 20, 2020. Foto: Bloomberg photo by Lauryn Ishak

In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike in the mountains, and New Yorkers can head to the Hamptons on Long Island.

Residents of Singapore, a city-state smaller than New York City, have few such options, presenting a massive problem for its battered tourism industry. With borders closed to foreigners, hotels and tourist attractions need to count on 'staycationers' to plug the gap in an industry that brought in almost $20 billion in revenue last year. It's a tall order...

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