“With a better spaced out supply injection, we expect more evenly spread mid-single digit year-on-year declines in hotel RevPAR for the remaining three quarters of the year,” says lead analyst Deborah Ong in a Monday report.
SINGAPORE (May 30): A delay in the expected launch of several hotels in the second quarter could help give hospitality REITs some breathing room amid declining revenue per available room (RevPAR), OCBC Investment Research says.
The opening of the hotels have been pushed back to late 2H17.
