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HOCK LOCK SIEW

OUE Commercial Reit should consider turning hospitality-centric for better valuation

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Leslie Yee

Leslie Yee

Published Thu, Oct 5, 2023 · 05:00 AM
    • OUE Commercial Reit, which owns a diversified portfolio, needs to urgently look at value unlocking.
    • OUE Commercial Reit, which owns a diversified portfolio, needs to urgently look at value unlocking. PHOTO: BT FILE

    SINGAPORE’S hotel owners are raking it in amid the tourism sector’s strong recovery post the Covid-19 pandemic. International visitor arrivals and hotel revenue increased sharply in 2023 from a year ago.

    Industrywide, revenue per available room (RevPAR) among Singapore hotels rose 41 per cent year on year (yoy) for the first eight months.

    Year-end festivities will likely bring even more cheer to hotel owners. With higher revenue, hotel owners can mitigate rising expenses due to inflation.

    Hock Lock Siewoue commercial reitoue limitedS-ReitsReitsHotelsSpotlight

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