The revenue declines were mitigated by contributions from The Castings in Manchester, which began operations in July 2024, as well as the additions of Hotel Indigo Exeter and Benson Yard, which were both acquired in late 2024.
CDL Hospitality Trusts (CDLHT) has reported gross revenue of $63.4 million for the 1QFY2025 ended March 31, 2.8% lower y-o-y, due to lower revenue seen across all of its markets except for the UK and Japan.
The group also attributed the lower figure to disruption in three of its properties due to renovation works and repairs.
