The manager notes that the recovery was due to the initial leisure demand as well as the return of corporate groups and citywide events.
The managers of CDL Hospitality Trusts (CDLHT) have reported a distribution of stapled security (DPS) of 3.59 cents for the 2HFY2022 ended Dec 31, 2022, 17.3% higher y-o-y.
During the period, revenue increased by 42.9% y-o-y to $130.7 million on the back of the recovery in global travel.
