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Earnings expected to stabilise for Singapore's hospitality Reits
Fitch Ratings says this is due to higher visitor arrivals and income from new assets
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Published Thu, Jun 23, 2016 · 09:50 PM
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Singapore
FOLLOWING a tough year for the local tourism industry in 2015, the earnings of Singapore's hospitality Reits are expected to stabilise this year on the back of higher visitor arrivals to Singapore and income from new assets, Fitch Ratings said in a report.
"This is a more upbeat view than that of last year when weaker visitor arrivals prompted (Fitch) to forecast Hospitality S-Reit earnings would fall in 2016," the report said.
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