Singapore - Hospitality Sector

Re: Singapore - Hospitality Sector

Postby winston » Wed Aug 02, 2017 4:12 am

Improving Outlook

1. Currently 63,000 rooms versus 45,000 rooms 6 years ago
2. Visitor arrivals at 15m - 16m; Will terminal 4 increase arrivals?
3. Number of rooms +5% from 2011-2017; From 2018: +2.3%
4. Revenue per room: +5% in 2018

Source: Azure Capital & The Edge
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Re: Singapore - Hospitality Sector

Postby behappyalways » Wed Aug 02, 2017 6:39 pm

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Re: Singapore - Hospitality Sector

Postby behappyalways » Sun Sep 24, 2017 4:15 am

Hotel supply to increase by 4% for the rest of 2017
http://sbr.com.sg/hotels-tourism/news/h ... -rest-2017
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Re: Singapore - Hospitality Sector

Postby behappyalways » Sat Oct 07, 2017 7:57 pm

Hotels are getting the jitters from rental sharing
http://sbr.com.sg/hotels-tourism/in-foc ... al-sharing
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Re: Singapore - Hospitality Sector

Postby behappyalways » Tue Jan 30, 2018 7:43 pm

Hotels' daily rates to climb 1-3% in 2018
http://sbr.com.sg/hotels-tourism/news/h ... -3-in-2018
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Re: Singapore - Hospitality Sector

Postby behappyalways » Fri Feb 02, 2018 7:56 pm

Here's why the hospitality sector will grow amidst lower earnings
http://sbr.com.sg/hotels-tourism/in-foc ... r-earnings
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Re: Singapore - Hospitality Sector

Postby behappyalways » Sun Mar 11, 2018 2:22 pm

Hotel room supply to increase 1.2% in 2018
http://sbr.com.sg/hotels-tourism/news/h ... 12-in-2018
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Re: Singapore - Hospitality Sector

Postby winston » Wed Sep 05, 2018 9:32 am

SG Hospitality: Do not disturb

2Q18 results for the hospitality S-REITs under our coverage were all within expectation, albeit many on the lower end.

2Q DPU YoY growth came in at +0.0% for Ascott Residence Trust (ART), +2.9% for CDL Hospitality Trusts (CDLHT), +4.1% for Far East Hospitality Trust (FEHT), and -3.3% for OUE Hospitality Trust (OUEHT).

2Q RevPAR growth figures were generally disappointing.

Going forward, we continue to expect:-
1) robust leisure demand
2) soft corporate demand and
3) continued outperformance of Mid-Tier hotels locally.

We push back our expectations of a strong RevPAR pick-up from 2H18 to 2019, and believe defensive names from other sub-sectors may outperform hospitality.

For switch ideas, refer to our 31 July S-REITs report as well as yesterday’s S-REITs sector update.
Within hospitality, FEHT remains our top pick given its
1) 100% SG-based portfolio
2) the mid-tier positioning of its hotels and
3) the higher chance of operational outperformance given its relative underperformance prior to 2018.

Maintain NEUTRAL in the hospitality sector. FEHT remains our top pick.

Source: OCBC
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Re: Singapore - Hospitality Sector

Postby behappyalways » Tue Sep 11, 2018 1:51 pm

Chart of the Day: Hotel occupancy rates rose 1.4ppt to 86.4% in July
https://sbr.com.sg/hotels-tourism/news/ ... 64-in-july
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