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