Staycation reopening a plus for hospitality S-Reits: DBS

Singapore

DBS Group Research on Monday said the reopening of hotels for staycations in Singapore will be positive for all hoteliers in the Republic, including Ascott Residence Trust and Frasers Hospitality Trust.

Far East Hospitality Trust (FEHT) and CDL Hospitality Trusts (CDLHT) remain "prime beneficiaries", given their significant exposure in Singapore at about 100 per cent and 65 per cent of revenues, respectively, wrote DBS analyst Derek Tan in a research note.