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ARA US Hospitality Trust posts stronger 3Q amid strong summer travel surge

Samantha Chiew
Samantha Chiew11/3/2021 6:0 PM GMT+08  • 2 min read
ARA US Hospitality Trust posts stronger 3Q amid strong summer travel surge
Thanks to resumption of leisure travelling in the US, ARA Hospitality Trust is on its way to a recovery.
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In its latest 3QFY2021 ended September business update, ARA US Hospitality Trust (ARA HT) reported a set of strong results.

For the third quarter, the REIT saw gross revenue double y-o-y to US$41.1 million from US$20.4 million, bringing gross operating profit to US$15.0 million, a significant surge from US$3.9 million a year ago.

See: DBS lowers ARA US Hospitality Trust's TP to 75 US cents; expects more meaningful recovery in FY2022

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