The Business Times
business-time-50
HOCK LOCK SIEW
·
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Court documents showed the largest sum of money Benjamin Chung Hiang Wee took was from his uncle, an odd-job worker.

    Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million

    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