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With recovery in hospitality sector on hold for another year, what should investors do?

PC Lee
PC Lee3/16/2017 12:14 PM GMT+08  • 2 min read
With recovery in hospitality sector on hold for another year, what should investors do?
SINGAPORE (March 16): OCBC is maintaining its “neutral” rating on the hospitality sector, advising investors to buy into the sector on dips.
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SINGAPORE (March 16): OCBC is maintaining its “neutral” rating on the hospitality sector, advising investors to buy into the sector on dips.

The rating comes on the back of challenging operational outlook for FY17 with prospect of revenue stabilisation FY18.

In FY16, industrywide average occupancy rates (AOR), average room rates (ARR) and revenue per available room (RevPAR) fell 0.9 ppt, 3.6% and 4.6% y-o-y respectively, according to the Singapore Tourism Board.

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