DBS sees hospitality sector as S-Reit 'dark horse' for 2020

Singapore

THE hospitality sector may be the "dark horse" among Singapore real estate investment trusts (S-Reits) next year amid a myriad of demand drivers and a lack of supply growth, DBS Group Research said in an industry note on Wednesday.

According to DBS, the sector may be given a triple boost from an increased diversion in traffic within Asia, more conference travellers due to a robust event outlook, as well as merger and acquisition activities.