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HOCK LOCK SIEW

CDLHT's overseas business can mitigate domestic headwinds

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The weaker British pound is expected to drive demand for CDLHT's UK property Hilton Cambridge City Centre. A buoyant hospitality market in New Zealand also bodes well for contributions given the new lease structure for Grand Millennium Auckland.

A SIZEABLE increase in hotel room supply in Singapore could mean that the local hotel industry will remain challenging for CDL Hospitality Trusts (CDLHT) this year.

Headwinds in the global economy are also lending to weaker corporate demand, especially from the oil & gas, offshore

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