CDLHT needs to bolster overseas presence

OVERSEAS markets could prove key for CDL Hospitality Trusts (CDLHT) as a challenging hotel industry at home puts pressure on its performance.

And with room supply slated to expand in Singapore between now and 2018, that pressure could last awhile.

While visitor arrivals to Singapore have grown at over 12 per cent year on year in the first six months of 2016, surprisingly, the rate of growth for the hotel industry has been comparatively less exciting. This is due in part to the supply which has been injected into the market.