Re: Singapore - Hospitality Sector
Posted:
Wed Jan 16, 2019 7:45 pmby behappyalways
Re: Singapore - Hospitality Sector
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Fri Feb 22, 2019 7:22 pmby behappyalways
Re: Singapore - Hospitality Sector
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Wed Jul 10, 2019 3:22 pmby behappyalways
Re: Singapore - Hospitality Sector
Posted:
Tue Jul 23, 2019 2:53 pmby behappyalways
Chart of the Day: 3,415 hotel rooms expected to be completed from 2019-2022
https://sbr.com.sg/hotels-tourism/news/ ... -2019-2022
Re: Singapore - Hospitality Sector
Posted:
Sat Sep 28, 2019 9:44 pmby behappyalways
Re: Singapore - Hospitality Sector
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Mon Mar 30, 2020 5:06 pmby behappyalways
Re: Singapore - Hospitality Sector
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Fri May 22, 2020 12:25 pmby behappyalways
Re: Singapore - Hospitality Sector
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Sat Jul 04, 2020 4:33 pmby behappyalways
Coronavirus: Singapore hotels prepare for different summer season
https://www.bbc.com/news/av/business-53 ... mer-season
Re: Singapore - Hospitality Sector
Posted:
Wed Sep 02, 2020 1:34 pmby winston
Singapore Hospitality – Some glimmer of light at the end of the tunnel
Hospitality REITs continued to bear the brunt of the Covid-19 pandemic as 1H20 results for all three hospitality REITs under our coverage came in below our expectations.
This was due to a weaker-than-expected operating environment and retention of distributable income.
Overall, we observe that:-
1) Serviced Residences (SR) were more resilient as compared to Hotels due to SR’s longer pre-existing leases and lease extensions from project groups and corporate business;
2) countries catering to transient travellers were more impacted than those catering to long-stay travellers;
3) properties which sought alternative sources of revenue were less impacted.
For Singapore, we understand that the contracts from the government is likely to last through 3Q, which will continue to provide some buffer to revenue loss.
However, as the number of Covid-19 cases stabilised, there could be lesser demand from the government’s bulk-bookings.
We believe that the outlook remains challenging but we could see a slow recovery in 2H20 for the hospitality sector as more countries exit from lockdowns, and with the reopening of temporarily closed properties, the implementation of “travel bubbles” as well as the government’s support on domestic tourism, barring the risks of subsequent waves of infections.
Source: OCBC