On March 17, Moody’s indicated that the local hospitality REITs have sufficient liquidity to cover their basic cash needs. In addition Ascott Residence Trust has a presence in China, Australia and the US where domestic travel is likely to recover at a faster clip than international travel. Frasers Hospitality Trust also has a large presence in Australia, Japan and UK, it adds.
Other hospitality plays include Mandarin Oriental, 78%-owned by the Jardine Group, and Far East Hospitality Trust.
