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Far East H-Trust warns of challenging operating environment

The Reit manager is also expecting more hotels to open in 2016

Thu, Apr 28, 2016 - 5:50 AM

Nisha Ramchandaninishar@sph.com.sg@Nisha_BT

According to estimates from Singapore Tourism Board, visitor arrivals were up 12.3 per cent year on year in January and February.

FILE PHOTO

Singapore

FAR East Hospitality Trust (Far East H-Trust) chalked up a slightly higher distribution of 1.08 Singapore cents in Q1FY16 but warned that the local hospitality sector continued to face challenges from the injection of supply from new hotels and weaker corporate demand.

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