Tourism in Singapore has rebounded strongly.
Hotels are filling up, planes are filling up, and airlines are seeing profits surpass pre-pandemic levels.
What’s happening now is not just a short burst of travel demand but part of a broader recovery taking shape across Asia’s tourism markets.
As more visitors return and airlines restore their networks, several of Singapore’s well-known listed companies are set to gain.
Among them are Singapore Airlines (SGX: C6L), SATS Ltd (SGX: S58), and ComfortDelGro Corporation (SGX: C52), offering investors exposure to the tourism recovery along with reliable dividend income.
Singapore Airlines (SGX: C6L)
Singapore Airlines is Singapore’s flagship carrier, operating passenger and cargo air transportation through two key brands: Singapore Airlines for full-service and Scoot for low-cost travel.
For the first half of the fiscal year ending 31 March 2026 (1H FY2026), the airline reported revenue of S$9.7 billion, up 1.9% year on year.
However, profit attributable to shareholders plunged by nearly 68% year on year to S$238.5 million.
The sharp decline was primarily from losses at Air India, which the group began equity accounting for the Indian carrier from December 2024 following Vistara’s integration.
This contributed to a S$417 million reduction in the share of results from associated companies.
On the operational front, passenger demand remained robust with 20.8 million passengers carried, up 8% year-on-year.
SIA’s load factor improved by 1.3 percentage points to 87.7%.
The airline declared an interim dividend of S$0.05 per share and a special dividend of S$0.03 per share, totalling S$0.08 compared to S$0.10 a year ago.
At S$6.36, shares offer a trailing dividend yield of around 6%.
SATS Ltd (SGX: S58)
While SIA handles the transport, the infrastructure supporting those flights is also seeing a lift.
SATS is one of the world’s largest air cargo handlers and Asia’s leading airline caterer.
Following the acquisition of Worldwide Flight Services in 2023, the combined network operates over 225 stations in 27 countries.
For the first half of the fiscal year ending 31 March 2026, SATS delivered revenue of S$3.1 billion, up 9.1% year on year.
Profit attributable to shareholders rose 11.2% year-on-year to nearly S$150 million.
Free cash flow surged 79.4% to around S$233 million, reflecting improved working capital management.
The operating profit margin expanded from 8.5% to 9.2%, driven by favourable operating leverage from volume growth and continued operational efficiency gains.
Gateway Services revenue increased 11% year on year to S$2.4 billion, with cargo volumes that outperformed IATA’s global growth benchmarks.
Management highlighted new customer wins including Emirates SkyCargo and Turkish Airlines.
The Board declared an interim dividend of S$0.02 per share, up 33.3% from S$0.015 a year ago.
At S$3.82, shares offer a trailing dividend yield of around 1.4%.
ComfortDelGro (SGX: C52)
ComfortDelGro is a global land transport company operating in Singapore, Australia, the United Kingdom, and other regions.
For the nine months ended 30 September 2025, the company reported revenue of S$3.75 billion, up 13.9% year-on-year.
The increase was driven by UK bus contract renewals at improved margins, new Manchester contracts, and contributions from acquisitions including A2B and Addison Lee.
Profit attributable to shareholders rose 15.4% year-on-year to S$176.4 million.
Management highlighted that overseas revenue now exceeds 55% of group revenue.
The Stockholm rail joint venture commenced full operations on 2 November 2025, and the group has prequalified to bid for Copenhagen Metro operations.
At S$1.47, shares offer a trailing dividend yield of around 5.6%.
Get Smart: Different ways to play the recovery
The tourism recovery story offers investors different entry points depending on their risk appetite.
Singapore Airlines provides direct exposure to air travel demand but faces headwinds from Air India losses that may take time to resolve.
SATS offers a steadier proposition.
As the company handling cargo and catering, it benefits from rising travel volumes without the volatility of airline operations.
The 33% dividend hike signals management’s confidence in the business.
ComfortDelGro, with its diversified global operations and highest yield among the three, provides a defensive exposure to tourism-related spending.
For dividend investors, the key is to match your investment to your income needs and risk tolerance.
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Disclosure: The Smart Investor does not own any of the shares mentioned.
