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CDL Hospitality Trusts' Q1 DPS down 9%

Uncertain global economy and smaller corporate travel budgets take toll on performance

Singapore

CDL Hospitality Trusts (CDLHT) posted a 9 per cent drop in distribution per stapled security (DPS) to 2.22 Singapore cents for the first quarter ended March 31, 2016, due to a challenging operating environment and leaner corporate travel budgets.

CDLHT, which is a stapled