Hotel S-REITs have a ~77% exposure to China-positioned travel markets.
- - Read this at SGinvestors.io -
- Our hotel S-REITs have geographical exposure in 6 out of the top 10 China-destination markets, of which Singapore, Australia, and Japan have the largest exposures at ~56%, 10%, and 7%, respectively. We expect Chinese outbound tourism to stage a meaningful recovery in most of our S-REIT markets, given a combined exposure of ~77% to the top 10 China-destination markets will see Chinese demand as a key growth driver amongst our S-REITs for 2H23.
Recovery tracking ahead of our base case trajectory with a ~8.1% forward FY24F sector yield on our bull case forecast.
- Read more at SGinvestors.io.
