My Stocks Investing Journey
How have Hospitality REITs in Singapore been faring during COVID-19?
In Singapore, since the start of the COVID-19 pandemic, the Government has been using hotels and residences as quarantine and isolation facilities. This is to cushion the impact that COVID-19 has on the hospitality industry (which include Hospitality REITs). The small size of Singapore means that domestic tourism is almost non-existent. Occupancy rates have almost returned to pre COVID-19 levels since the end of Singapore’s partial lockdown back in Q2 2020 (also known as circuit breaker). This begs the question: Will Hospitality REITs post an uptick in distributions in Q2 2021, since occupancy has almost returned to pre-COVID levels due to increased Stay-Home Notices (SHNs), Quarantine Orders and staycations? No. This is due to RevPAR and Average Room Rate (ARR) decr