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

Hospitality REITs with significant exposure to the Singapore market may soon emerge from headwinds facing the sector, said Morgan Stanley in a recent research note.

According to the latest hotel data published by the Singapore Tourism Board (STB), RevPAR for January to June 2019 came in at SGD183.90, a year-on-year decline of 0.2%.

This is consistent with the latest financial results reported by Singapore’s largest hotel REIT by market capitalisation, CDL Hospitality Trusts (CDLHT).

Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.

Full access to all editorial materials
Unlimited access to our seminars and classes
Site visit activities

By Shariffa Al-Habshee

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