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Hospitality REITs in for multi-year upswing from stronger than expected RevPAR recovery

PC Lee
PC Lee1/4/2018 11:19 AM GMT+08  • 2 min read
Hospitality REITs in for multi-year upswing from stronger than expected RevPAR recovery
SINGAPORE (Jan 4): CIMB is "overweight" on the hospitality REIT sub-sector given RevPAR for Singapore hotels is expected to recover stronger at 7% y-o-y in 2018 versus 3% previously.
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SINGAPORE (Jan 4): CIMB is "overweight" on the hospitality REIT sub-sector given RevPAR for Singapore hotels is expected to recover stronger at 7% y-o-y in 2018 versus 3% previously.

With supply tapering off and demand continuing to dial up, CIMB expects RevPAR climbing another 5% to $224 in 2019, potentially reaching the previous peak recorded in 2012.

"In addition, our bottom-up RevPAR analyser suggests that hospitality REITs, especially CDL Hospitality Trusts and OUE Hospitality Trust, are already at an inflection point," says analyst Yeo Zhi Bin in a sector report on Tuesday.

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