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What happens to Global Premium Hotels when room glut is looming while China tourist arrivals is faltering

PC Lee
PC Lee2/15/2017 10:48 AM GMT+08  • 2 min read
What happens to Global Premium Hotels when room glut is looming while China tourist arrivals is faltering
SINGAPORE (Feb 15): OCBC is maintaining its “hold” on Global Premium Hotels with higher target price of 34 cents.
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SINGAPORE (Feb 15): OCBC is maintaining its “hold” on Global Premium Hotels with higher target price of 34 cents.

This comes as the research house expects negative RevPAR growth in FY17, lowering its FY17 revenue forecast to $55.4 million from $59.8 million while forecast PATMI is lowered to $10.2 million from $14.1 million.

In a Thursday report, lead analyst Deborah Ong says FY17 looks to be another tough year for FY17. Ong expects downward pressure on 2017 RevPAR from the expected 6% growth in hotel room supply while the growth in arrivals from China tourists towards the end of 2016 seems to be faltering.

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