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).
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