SINGAPORE (Oct 9): Singapore-focused hospitality REITs CDL Hospitality Trusts (CDREIT) and Far East Hospitality Trusts (FEHT) are expected to see potential upside to their upcoming 3Q19 results, amid higher visitor arrivals and a resultant improvement in hotels’ earnings.

Recent data released by the Singapore Tourism Board (STB) shows a 3.07% y-o-y increase in arrivals to 1.73 million in August alone. The influx is attributed to the longer holidays in the month, as well as the unrest in Hong Kong, which is said to have diverted tourists here.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook