Hospitality Reits could register higher RevPAR in Q2, with recovery in 2022

HOSPITALITY Reits could post an uptick in revenue per available room (RevPAR) in Q2, supported partly by an increase in stay home notices (SHN) as Singapore saw a resurgence in virus cases during the quarter.

But a recovery, and a sustainable one at that, will take a bit more time and may only be seen in 2022.

CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee project that hospitality Reits with a global footprint such as Ascott Residence Trust (ART) and CDL Hospitality Trusts (CDLHT) will clock higher RevPAR quarter-on-quarter in Q2, underpinned by some overseas markets which have started to relax safe distancing measures, such as Europe.