CDL's hotel business showing green shoots of recovery from Q2
Property and hotels group posts S$32.1m group net loss in H1; overall RevPAR more than doubles to S$63.2 for Q2 2021 from S$29 in Q2 2020
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PROPERTY and hotels group City Developments Ltd (CDL), which posted a S$32.1 million group net loss in the first half of this year, is starting to see light at the end of the tunnel for its hospitality business after being hit by the Covid-19 pandemic that erupted last year.
The group's hotel business has begun to show green shoots of recovery from the second quarter of this year against Q2 2020, and all regions posted positive gross operating profit for June 2021.
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