CDL Hospitality Trusts' net income jumps 25.% YoY to $24.2m

The company's Singapore assets were among the main contributors to the increase.

CDL Hospitality Trusts (CDLHT) saw its net income jump by 22.5% YoY to $24.2m in Q1 2022.

Based on CDLHT's lattes financial statement, their Singapore assets were amongst the main contributors to the increase, along with the Maldives, the UK, and Germany.

The NPI of the company's Singapore hotels grew 24.0% YoY to $10.04m in Q1 2022, despite a decrease in their average occupancy rate by 15.4 percentage points.

Meanwhile, the company's Singapore hotels also saw a 40.7% YoY uptick in its revenue per available room (RevPAR) to $95 on the back of average rate growth.

"Two of CDLHT’s Singapore Hotels continued to be used for isolation purposes in 1Q 2022 and W Hotel continued to experience strong leisure demand," the company added.

Follow the link for more news on

CDL Hospitality Trusts

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia