According to DBS Group Research, among the Singapore REITs (S-REITs), the hospitality REITs are the ones seeing the largest recovery growth in the market, with some markets seeing a doubling of RevPAR, as travellers seek to satisfy their pent-up demand for travelling.
Singapore has opened up its borders to welcome foreign tourists since April. This big move from the Singapore government has no doubt impacted — in a positive way — the sectors that heavily rely on tourism, especially the aviation and hospitality sectors.
While the aviation players are seeing higher passenger traffic, the hotel guys are experiencing a strong recovery in higher revenue per average room (RevPAR).
