Earnings expected to stabilise for Singapore's hospitality Reits

Singapore

FOLLOWING a tough year for the local tourism industry in 2015, the earnings of Singapore's hospitality Reits are expected to stabilise this year on the back of higher visitor arrivals to Singapore and income from new assets, Fitch Ratings said in a report.

"This is a more upbeat view than that of last year when weaker visitor arrivals prompted (Fitch) to forecast Hospitality S-Reit earnings would fall in 2016," the report said.

Preliminary data from the Singapore Tourism Board showed that visitor arrivals to Singapore from January to April have jumped 14 per cent year on year to 5.53 million. This is thanks to robust demand from…