CDL Hospitality Trusts - RHB Research 2025-01-31: A Year Of Normalisation

• The Singapore hospitality sector’s 2025 outlook remains muted, due to the absence of large-scale events and supply, and softening visitor spending. The REIT’s overseas market outlook remains mixed.
• CDL Hospitality Trusts's FY24 results were below estimates on a larger-than-expected drop in the revenue per available room (RevPAR) of its Singapore assets.
• - Read this at SGinvestors.io -

Singapore hospitality demand to ease in 1Q25

• Singapore hospitality demand to ease in 1Q25 with a softer event pipeline (absence of events such as major international concerts and Singapore Airshow). This comes amidst a noticeable tightening of tourist spending, in particular from Singapore’s largest visitor market – China, accounting for about 1/5th of total demand – and an estimated ~5% increase in hotel room supply over the last 18 months.
• - Read this at SGinvestors.io -
• Singapore remains CDL Hospitality Trusts's key market (contributing ~63% of NPI last year). Overseas, the positive outlook for its Japan, Australia and UK assets is moderated by softness from others.

Maiden entry into purpose-built student accommodation

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Previous report by RHB:
2024-10-30 CDL Hospitality Trusts - A Muted Quarter.

Price targets by other brokers at CDL Hospitality Trusts Target Prices.

Listing of research reports at CDL Hospitality Trusts Analyst Reports.

Relevant links:
CDL Hospitality Trusts Share Price History,
CDL Hospitality Trusts Announcements,
CDL Hospitality Trusts Dividend Payout Dates & Corporate Actions,
CDL Hospitality Trusts News