CDL Hospitality Trusts Q1 net property income slides 14.2% to $30 million on lower revenue

Quick Summary:

The trust noted that recession risks were rising due to an unstable operating environment amid macroeconomic and geopolitical uncertainty.

This came alongside lower RevPAR, which fell 15.8 per cent to $173 from $205.

Its Singapore, New Zealand, Maldives and Italy markets logged declines while its Australia, Japan, UK and Germany markets experienced growth.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaGermanyItalyJapanMaldivesNew Zealand

Topics: Came Million Quarter Hospitality Property Declines Trusts Cent Singapore Income Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 09:45:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 28294255

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