SINGAPORE. Asiatravel.com Holdings said today that it expects positive earnings in the second half to September as travel demand to Asian destinations, worst hit by SARS, rebounds.
“Bookings for the worst SARS-hit Asian destinations, such as China, Hong Kong and Singapore, started rebounding in June and will likely approach normalcy by August-September 2003,” the company said in a statement to the Singapore Exchange.
It said the number of hotel rooms booked in Singapore, Hong Kong and China in June was +75% higher than in May, the height of the SARS crisis.
The company also said it expects the number of rooms booked in Asian destinations to “continue to improve and lift overall levels for July and August”.
Note: Asia Travel is a leading online hotel and travel reservation services provider in the Asia Pacific region. With the establishment of its offices in USA and Europe, the group is working towards establishing itself as a global player. Asiatravel is best known for providing long haul hotel and travel reservation services for Asia bound travellers from around the world and, as such, its performance is a useful indicator for travel retailers.
