Dimmer outlook on RevPAR puts drag on Singapore hospitality REITs

0

Unit prices of Singapore-heavy hospitality REITs have performed well in the year-to-date, but recent dismal RevPAR figures may stifle earnings in the near term.

According to figures recently released by the Singapore Tourism Board (STB), there were 1,623,234, and 1,492,671 visitor arrivals into the country in January and February 2019 respectively.

These represents increases of 3.83%, and 0.05% year-on-year for January and February 2019 respectively.

To read the full article, please login or sign-up for a free 25-day trial here.

Share.

Comments are closed.