OUEHT backed by growth catalysts amid headwinds
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Nisha Ramchandani
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THE hospitality industry is facing a competitive operating environment with a substantial amount of new supply slated to come onstream and softer corporate demand from some sectors.
But OUE Hospitality Trust (OUEHT) could be well placed among industry peers, especially amid expectations of a recovery in the sector next year, some analysts reckon.
OUEHT's portfolio includes the Mandarin Orchard Singapore and Crowne Plaza Changi Airport hotels, as well as the Mandarin Gallery mall. Roughly three quarters of OUEHT's net property income in the first quarter of 2017 came from its hospitality business.
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