According to its 3QFY2021 operational update released on Oct 29, the improved NPI contribution arose mainly from the New Zealand, UK, Germany and Italy hotels as well as Angsana Velavaru in the Maldives, which increased collectively by $8.5 million y-o-y during the period.
CDL Hospitality Trusts (CDLHT) has reported net property income (NPI) of $20.5 million for the 3QFY2021 ended September, up 34.8% y-o-y from $15.2 million previously, reflecting ongoing recovery from the pandemic.
Revenue for the period grew 32.8% y-o-y to $40 million.
