Frasers Property reports lower RevPAR in Q1 for hospitality portfolio
Group aims to maintain stability amid operating challenges; focuses on domestic tourism, openings
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Singapore
REAL estate developer and manager Frasers Property reported lower revenue per average room (RevPAR) for the first quarter across its hospitality properties globally.
Its hotel operating performance across Asia-Pacific, Europe and UK in November 2020 were "significantly below pre-Covid levels", it said.
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