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FEHT expects S'pore hospitality industry to stay competitive

Distribution per stapled security falls 12.9 per cent to 1.01 Singapore cents for Q2

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Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Jul 29, 2016 · 09:50 PM
    Far East Hospitality Trust

    Singapore

    FAR East Hospitality Trust (FEHT), which posted lower second- quarter results, said Singapore's hospitality industry is expected to remain competitive amid an increase in hotel rooms supply and soft corporate demand.

    "Despite the growth in visitor arrivals recorded in the first five months of the year, the average spending on rooms has not correspondingly increased," it said on Friday.

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