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Hospitality S-Reits still have room to grow as Chinese travellers return

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Raphael Lim

Raphael Lim

Published Mon, Apr 24, 2023 · 05:50 AM
    • Analysts believe that the return of Chinese travellers may help provide the boost needed for further growth in Hospitality Reits
    • Analysts believe that the return of Chinese travellers may help provide the boost needed for further growth in Hospitality Reits PHOTO: ST FILE

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    HOSPITALITY real estate investment trusts (Reits) rebounded strongly in 2022, with their distributions per unit (DPU) improving more than their peers as global travel restrictions eased.

    While most of these counters are still trading below their pre-pandemic levels, analysts who spoke to The Business Times believe the return of Chinese travellers may help provide the boost needed for further growth.

    For the full year ended December 2022, Singapore-listed real estate investment trusts (S-Reits) in the hospitality sector saw the strongest DPU improvement among the S-Reit cohort, with the median DPU rising 31.6 per cent.

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