- 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
- popular tourist destinations (e.g., Maldives, Bali) and
- - 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 the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Elizabelle PANG DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-02-20
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 Dividends & Corporate Actions,
Hotel Properties Limited News Articles
