SINGAPORE (Nov 1): RHB Research and OCBC Investment Research are pleasantly surprised after CDL Hospitality Trusts (CDLHT) reported Singapore RevPAR (Revenue per available room) for the first 29 days of Oct was up 7.2% y-o-y.

Management says the high RevPAR growth was on the back of strong leisure and corporate demand with some of its hotels reaching close to 100% occupancy.

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