The higher gross revenue and NPI came as the trust saw growth in its revenue per available room (RevPAR) across most of its portfolio driven by higher occupancies and better recovery.
CDL Hospitality Trusts (CDLHT) (SGX:J85
) has reported gross revenue of $60.8 million in the 1QFY2023 ended March 31, up 31.5% y-o-y.
Its net property income (NPI) increased by 35.0% y-o-y to $32.7 million.
