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CDL Hospitality Trusts to ride on another likely record year of visitor arrivals: UOB

PC Lee
PC Lee6/14/2018 11:33 AM GMT+08  • 3 min read
CDL Hospitality Trusts to ride on another likely record year of visitor arrivals: UOB
SINGAPORE (June 14): UOB KayHian is maintaining its “buy” on CDL Hospitality Trusts (CDLHT) with $1.95 target given 2018 is shaping up into another record year for visitor arrivals in Singapore amid a slowdown in the supply of new hotel rooms.
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SINGAPORE (June 14): UOB KayHian is maintaining its “buy” on CDL Hospitality Trusts (CDLHT) with $1.95 target given 2018 is shaping up into another record year for visitor arrivals in Singapore amid a slowdown in the supply of new hotel rooms.

UOB recently met with CDLHT management to hear the outlook on its operating performance, acquisition plans and the Singapore hospitality segment.

In a Thursday report, analyst Loke Peihao says the last few years have seen many new hotel openings which kept a lid on the pricing power of CDLHT's Singapore hotel rooms. With new room supply tapering to 1.3% CAGR in 2017-20 from 5.5% CAGR in 2014-17, Loke sees a return of pricing power to CDLHT's Singapore hotels.

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