CDL Hospitality Trusts - RHB Research 2026-02-02: Improving Outlook; Upgrade To BUY

• CDL Hospitality Trusts (SGX:J85)’ 2H25/FY25 results beat estimates, from a strong Singapore and New Zealand performance (4Q25).
• We expect Singapore’s hospitality sector recovery to continue in 2026, aided by a healthy event pipeline, resilient economy and moderating supply. Sharply lower interest costs and incremental contributions from its UK living sector assets provide added tailwinds.
• - Read this at SGinvestors.io -

Brighter 2026 Singapore hospitality outlook.

• We estimate 2026 revenue per available room (RevPAR) to grow by 3-5% y-o-y (FY25: -6%). This will be driven by higher visitor arrivals from a stronger event and concert pipeline and moderate hotel supply CAGR (2026-2028F) of 1.7% pa, from a 3.9% net supply increase in the last two years.
• - Read this at SGinvestors.io -

Overseas markets.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
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Previous report by RHB:
2025-09-24 CDL Hospitality Trusts - Navigating Market Challenges.

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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