Far East Hospitality Trust's Riverside Village Residences (Photo: REITsWeek)

Against the backdrop of falling RevPAR numbers across the Singapore hotel sector, Far East Hospitality Trust (FEHT) has lagged the FTSE Straits Times REIT Index by 8.8 percentage points since mid-April 2019.

According to figures from the Singapore Tourism Board, RevPAR for mid-tier, and upscale hotels posted contracted by 1.6% and 2.1% respectively year-on-year in April 2019.

This is despite visitor arrivals into the country growing by 3.4% year-on-year for the month.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.