- Acrophyte Hospitality Trust (SGX:XZL) (fka ARA US Hospitality Trust) is the first pure-play US upscale select-service hospitality trust listed in Singapore and Asia, with its portfolio consisting of 34 Hyatt, Marriott, and Hilton-branded hotels geographically diversified across the US.
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Operational metrics continue to look healthy, albeit a modest decline from a high base in 3Q23.
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- Considering that travel has largely normalised and pent-up demand has eased following a strong 2023, operational metrics remain healthy, despite a slight decline.
- Since Acrophyte Hospitality Trust’s hotels are primarily domestic-focused, the decline in occupancy could be attributed to US travellers’ preferences shifting towards international travel, supported by the strength of the US$.
Sticky cost pressures weigh on margin improvements.
- Read more at SGinvestors.io.