Market PositionCDLHT continues to be one of the top hospitality S-REITs to benefit and ride on record-high RevPARs in Singapore, with hotels in prime locations, and is well positioned within both the leisure and corporate travel segments in Singapore.
Operational PerformanceCDREIT’s volume strategy generated growth in RevPAR of 16.6% yoy to S$205 for Singapore hotels in 1Q24, driven by a higher occupancy of 82.1%.
Strategic InitiativesThe pivot towards the built-to-rent (BTR) sector amongst other possible lodging asset classes highlights management’s strategic intent to build resilience through diversity and earnings stability post pandemic.