Tourist arrival rebound points to better year for hospitality Reits

THINGS are looking a bit more optimistic this year for Singapore's hospitality real estate investment trusts (Reits) even with additional room supply coming onstream, as a resurgence in visitor arrivals this year could help stave off downward pressure on earnings.

According to preliminary data from the Singapore Tourism Board (STB), visitor arrivals to Singapore have rebounded this year, rising around 14 per cent year-on-year in the first four months to 5.53 million. This has been fuelled in part by a surge in arrivals from key source markets China (up 53 per cent) and Indone…