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CDLHT Q2 distribution falls 8.1%

Earnings hit by decline in tourists arrivals and increasing competition in hospitality sector

Published Fri, Jul 25, 2014 · 10:00 PM

Singapore

HEATED competition in the hotel industry and a slowdown in visitor arrivals in Singapore, especially from China, dragged the earnings of CDL Hospitality Trusts (CDLHT), with second-quarter distribution per stapled security falling 8.1 per cent to 2.5 Singapore cents.

But there are signs of …

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