The manager of CDL Hospitality Trusts (CDLHT) reported a distribution per stapled security (DPS) of 1.51 cents for the 1HFY2020 ended June, down 63.7% from the 4.16 cents posted a year ago.

Total revenue for the period registered a 44.5% decline to $52.1 million from the $93.8 million a year ago. This is mainly attributable to the unprecedented downturn in global tourism and travel arising from the Covid-19 outbreak.

With the exception of CDLHT’s hotels in its Singapore and New Zealand portfolio, most of the rest of its properties were either closed temporarily or were operating at low occupancies from March onwards.

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