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Whilst SA continues to suffer Covid fall out, the overall performance has been quite resilient. This sector should benefit from a rapid recovery as international travel recovers.
Ms. Vo Thi Khanh Trang, Associate Director, Research, Savills HCMC
SERVICED APARTMENT OUTLOOK
Long-term, the segment outlook presents well: strong economic growth forecast, global Covid vaccine roll-outs, and increasing FDI, all point to increasing demand. However, the short-term remains uncertain with limited commercial flights and declining expats.