Hospitality Reits to continue leading the way on return of China tourist dollar
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Jude Chan
INVESTORS counting on a recovery in the real estate investment trust (Reit) sector should look to the hospitality space to continue leading the way this year, analysts said. Although Singapore-listed Reits should post some kind of recovery, it will not be broad based.
The Singapore Reit sector was among the worst-performing sectors of the market in 2022.
As the year progressed, Covid-19 pandemic woes started to ease in most parts of the world. This should have been good news for Reits as offices, malls and hotels filled up. Investor appetite for Reits quickly waned, however, as central banks hiked interest rates to stave off decades-high inflation.
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