The Business Times
business-time-50
HOCK LOCK SIEW

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

google-preferred-sourceAdd BT as a preferred source
Nisha Ramchandani

Nisha Ramchandani

Published Mon, Jul 12, 2021 · 09:50 PM

    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.

    Hock Lock Siewara h-trustascott residence trustcdl hospitality trusts

    TRENDING NOW

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    The price of Category B COEs, used to register larger, more powerful cars and electric vehicles, is up 6% at S$130,889.

    Cat A hits record S$129,000 as COE rises across the board

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

    Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More