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Frasers' hospitality portfolio challenged by pandemic headwinds

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Kelly Ng

Kelly Ng

Published Wed, Feb 9, 2022 · 09:50 PM

Singapore

FRASERS Property's hospitality portfolio remains challenged by pandemic headwinds, the company said in a first-quarter business update late on Wednesday (Feb 9), even as it reported higher revenue per average room (RevPAR) across its Asia-Pacific (ex-North Asia) and Europe portfolios.

"(The) emergence of the Omicron variant from December 2021 and subsequent surge in infections pose a setback to recovery trajectory," Frasers Property said.

frasers propertyFinancial results

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