Hotel Properties - DBS Research 2023-02-20: Unlock The Treasure Chest! Initiate Coverage With BUY

• Hotel Properties (SGX:H15)’s hotel division owns and runs 39 hotels across 15 countries under renowned hospitality names (e.g., Four Seasons, Concorde, InterContinental Hotels, Six Senses, Como) (estimated 80%-90% of the group’s pre-pandemic revenue).
• - Read this at SGinvestors.io -

Hotel portfolio primed for revenge travel, boosted by the return of Mainland Chinese travellers.

• We believe Hotel Properties is a prime beneficiary of revenge travel, with its hotel exposure in
  1. popular tourist destinations (e.g., Maldives, Bali) and
  2. - Read this at SGinvestors.io -
• We believe ASEAN’s and Maldives’ position of welcoming Chinese tourists without restrictions, at a time when COVID-19 travel requirements are implemented on Chinese travellers by other countries will help channel pent-up Chinese travel demand to HPL’s key markets.

Robust momentum in Singapore and Maldives tourism datapoints to continue; both principal share price drivers.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2023-03-02 Hotel Properties Limited - Hotel Recovery On Track!.

Price targets by other brokers at Hotel Properties Limited Target Prices.

Listing of research reports at Hotel Properties Limited Analyst Reports.

Relevant links:
Hotel Properties Limited Share Price History,
Hotel Properties Limited Announcements,
Hotel Properties Limited Dividend Payout Dates & Corporate Actions,
Hotel Properties Limited News