Far East Hospitality Trust, OUE H-REIT most vulnerable to lower visitor arrivals, says Moody’s

Aggregate earnings will grow by less than 2%.

Far East Hospitality Trust and OUE Hospitality Real Estate Investment Trust are the most adversely affected by the lower visitor numbers in Singapore, a report by Moody's Investors Service stated today.

Moody's conclusions were released after the Singapore Tourism Board announced that tourist arrivals fell 3.1% year-over-year in 2014, the first decline in five years.

"FEHT and OUE H-REIT are the most affected by the fall in visitor numbers because their focus is on the
Singapore market. We expect FEHT and OUE H-REIT's aggregate EBITDA to grow by less than 2% in 2015," says Jacintha Poh, a Moody's Assistant Vice President and Analyst.