Singapore and South Korea have agreed to establish a quarantine-free travel corridor for fully vaccinated travellers from November 15.

The global tourism industry may begin to see some respite in 2021, with travel corridors beginning to emerge across Asia and the world starting from the second half of 2020.

South Korea has updated its travel guidance to allow quarantine-free entrance for travelers whose vaccine status has been registered in the country from March 21st.

Singapore has announced a major expansion of its vaccinated travel lanes (VTL) program as concern over the Omicron variant ease. 

Malaysia said it will reopen its borders for quarantine-free travel from March 1st to help boost its economy.

Hong Kong's latest round of restrictions to stop the spread of the Omicron variant is likely to pose a downside risk to projections for expansion in economic growth of 3 percent this year and will delay border reopening with China until the second half, Fitch Ratings said in a note.

The Singapore government has given the all-clear for fully-vaccinated travelers from Australia to enter the country with quarantine from November 8. 

The travel bubble that is being discussed between Hong Kong and Macau would be a positive step in opening up the market, but wouldn’t necessarily lead to a surge in gross gambling revenue for the territory.

Imperial Pacific International has confirmed that the CNMI welcomed its first batch of travel bubble tourists from South Korea in July, after signing a travel corridor agreement at the end of June. 

The outbreak of covid-19 on Jeju island in South Korea has caused mass cancellation of holiday reservations and has put a dampener on talks for a travel bubble with neighbouring countries.