Brokers' take
Regional Hospitality | Positive OCBC Investment Research, June 18
After several years of revenue per available room (RevPAR) declines, RevPAR growth for Singapore hotels appears to have finally turned a corner. Going forward, given that much of last year's supply injection was back-end loaded, we expect hotel RevPARs to accelerate from the pace seen in Q1 2018.
However, Singapore is not the only place where we see a demand-supply situation ripe for RevPAR growth. RevPAR growth in mainland China turned positive in Q1 2017 after several years of decline, and we believe the recovery is still in its early stages, particularly for luxury hotels.
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