The analysts also see the trust, which has a portfolio comprising 36 Hyatt and Marriott-branded hotels across the US, as being the “best poised” among Singapore REITs (S-REITs) to ride the uptrend in the country’s travel demand.
DBS Group Research analysts Tabitha Foo, Geraldine Wong and Derek Tan are keeping their “buy” call on ARA US Hospitality Trust (SGX:XZL
) with an unchanged target price of 55 US cents (74.17 cents) as they see the trust having a “break out” year ahead.
“With the pent-up travel demand likely to sustain into 2023, ARA Hospitality Trust is well positioned to capture the recovery with its pricing power, leaner operating model, and positive operating leverage,” the analysts write.
