Frasers Hospitality Trust's Novotel Melbourne on Collins (Photo: State Government of Victoria, Australia)Frasers Hospitality Trust's Novotel Melbourne on Collins. (Photo: State Government of Victoria, Australia)

Data from Frasers Hospitality Trust’s latest disclosure have been updated into the Singapore REITs table.

Frasers Hospitality Trust (FHT) has given some indications that its operating metrics could be improving, despite an outbreak in the delta variant of COVID-19 globally.

Its hotels in the UK were permitted to re-open on 17 May 2021, after more than 4 months of lockdown.

And since reopening, the UK has led the hospitality recovery in Europe, with 7-day occupancy for open hotels reaching 60%-65% within 3 weeks, said FHT on 29 July.

However, FHT’s Australia portfolio’s revenue per available room (RevPAR) declined by 52.3% YoY in 9M FY2021 compared to 9M FY2020, given intermittent lockdowns across the country.

Accordingly, its Singapore portfolio’s RevPAR declined by 31.4% year-on-year in 9M FY2021, although this was mitigated by conversions into stay-home facilities for quarantined travellers.

The trust’s full disclosure on its latest operating metrics can be viewed here.

FHT was last done on the Singapore Exchange (SGX) at SGD0.515, which currently implies a distribution yield of 0.7% according to data compiled on the Singapore REITs table.

By Shariffa Al-Habshee

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