- RevPAR for Far East Hospitality Trust’s hotels grew 7.7% y-o-y to S$140 in 4Q24, driven by higher ADR as hotels that exited government contracts ramped up. Revenue from commercial premises grew 4.8% y-o-y.
- - Read this at SGinvestors.io -
- S$3.0m to offset the change in the proportion of fees paid with new units, and
- S$4.0m in gains from the divestment of Central Square.
Hotels: Benefitting from higher ADR.
- Average daily rate (ADR) increased 6.5% y-o-y to S$180 in 4Q24. Occupancy was stable y-o-y at 81.5% in 2H24. Oasia Hotel Novena and Village Hotel Albert Court exited government contracts in Oct 23 and Dec 23 respectively. Smooth ramp-up at the two hotels contributed to improvements in the hotels’ overall operating performance.
- - Read this at SGinvestors.io -
Hotels generated organic growth.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-02-18
Previous report by UOB:
2024-11-04 Far East Hospitality Trust 3Q24 - Healthy Seasonal Strength Driven By Chinese Tourists.
Price targets by other brokers at Far East Hospitality Trust Target Prices.
Listing of research reports at Far East Hospitality Trust Analyst Reports.
Relevant links:
Far East Hospitality Trust Share Price History,
Far East Hospitality Trust Announcements,
Far East Hospitality Trust Dividend Payout Dates & Corporate Actions,
Far East Hospitality Trust News
