Frasers Property reports significantly lower operating performance for hospitality portfolio, sees strong industrial and logistics leasing activity

In its business update for the 1QFY2021 ended December, Frasers Property Limited (FPL) has reported lower revenue per average room (RevPAR) across its hospitality properties globally.

In North Asia, RevPAR declined 24.9% y-o-y to $67.4, while RevPAR in Asia Pacific ex North Asia fell 43.9% y-o-y to $99.