Meaningful recovery for hospitality sector likely in 2022: OCBC

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Meaningful recovery for hospitality sector likely in 2022: OCBC

Singapore Business2021-09-01

OCBC Investment Research expects hospitality REITs to post stronger second-half results. Despite a mixed back of results from top hospitality REITs in the first half of the year, OCBC Investment ...

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Retailer
·2021-09-01
Good news.
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1
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- Adlchw29:
  Yes!
  2021-09-01
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Mtan23
·2021-09-01
Good read
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2
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FraserGroup
·2021-09-01
Good news
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shika
·2021-09-01
[微笑]
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Andersonkana
·2021-09-01
G
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Andersonkana
·2021-09-01
Good
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Khai88
·2021-09-01
Comment and like
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GinOng
·2021-09-01
Should buy hospitality shares now!
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2
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- GinOng:
  Should buy hospitality shares now!
  2021-09-01
  Reply
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JassyJas
·2021-09-01
Good
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1
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Imgoh
·2021-09-01
Sure will recover.just the matter of time
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2
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ruinsaint
·2021-09-01
Good
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2
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DanteD
·2021-09-01
Nice
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3
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- ruinsaint:
  yesyes
  2021-09-01
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Keez
·2021-09-01
Ok
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4
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Wroy
·2021-09-01
like pls
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6
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- gorgonzola:
  done.plse like back thanks!
  2021-09-01
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DKim
·2021-09-01
Hopefully
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- jamieee:
  Like please
  2021-09-01
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- KLCC:
  Surely but slowl….
  2021-09-01
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- terryvstitch:
  They sure?
  2021-09-01
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ILFTS
·2021-09-01
Like please
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- JANICELSJ:
  Ok
  2021-09-01
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- hoa:
  done
  2021-09-01
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- HuatChua:
  Ok please like
  2021-09-01
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Kairyu
·2021-09-01
Good
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- ILFTS:
  Yes it is good
  2021-09-01
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ivy888
·2021-09-01
Like
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- geraldzhang:
  done
  2021-09-01
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- US_watchlist:
  please comment and like. thanks
  2021-09-01
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- Kairyu:
  d
  2021-09-01
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MN27
·2021-09-01
Like pls
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- ivy888:
  ok
  2021-09-01
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Zwei2
·2021-09-01
Nice
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Whilst Ascott posted a 95% distribution per unit growth in the first half, Far East and CDL lagged behind with a 7% growth and 19% contraction, respectively.\nIt noted that demand for hotels was still primarily supported by the government, as hotels serving as isolation facilities jumped to more than 90 as of 4 August from over 70 in May.\n“Currently, six out of FEHT’s nine hotels, two out of ART’s three Singapore properties, and five out of CDLHT’s six Singapore hotels are on government isolation businesses. REIT Managers see a high likelihood that existing contracts would be extended in [the third quarter of 2021] as the COVID-19 situation remains fluid, and governments may still need some inventory of rooms for imported cases. 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Whilst visitor arrivals may remain muted in the near term as vaccination rates and border measures vary in countries, we believe the reopening of borders marks a measured start to the resumption of air travel, aiding the recovery of the hospitality sector, barring the risks of a potential spike in Delta variant cases,” OCBC said.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":816134012,"gmtCreate":1630476460336,"gmtModify":1676530314036,"author":{"id":"3586754499068036","authorId":"3586754499068036","name":"Retailer","avatar":"https://static.tigerbbs.com/5ad4e71e4667e8585882bc3b08fd0845","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3586754499068036","authorIdStr":"3586754499068036"},"htmlText":"Good news.","listText":"Good news.","text":"Good 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and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816343203","repostId":1170712764,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":816358751,"gmtCreate":1630470280273,"gmtModify":1676530312566,"author":{"id":"3585489224255758","authorId":"3585489224255758","name":"GinOng","avatar":"https://static.tigerbbs.com/dbc4f4af938fe9cbc71173da2486f50b","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3585489224255758","authorIdStr":"3585489224255758"},"htmlText":"Should buy hospitality shares now!","listText":"Should buy hospitality shares now!","text":"Should buy hospitality shares 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