Singapore hospitality REITs can expect a gradual recovery ahead, though a lot will depend on the rollout of vaccines and the reopening of borders globally.

OCBC Research analyst Chu Peng has “turned more positive” on the outlook for hospitality REITs as vaccination drives kick in and expects revenue per average room (RevPAR) to see a strong recovery in H2FY2021 on the back of pent-up demand. 

Assuming vaccines will be widely available by mid-2021, she anticipates RevPAR to fully recover to pre-Covid-19 levels by 2022 or 2023.

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