119 views
Photo from Envato Elements

CDL Hospitality Trusts’ NPI down 11.9% YoY in H1

Net property income for the period was $58.6m.

CDL Hospitality Trusts (CDLHT) posted a 14.2% year-on-year (YoY) drop in net property income (NPI) to $58.6m in the first half of the year.

Gross revenue for the period slipped1.8% from $127.3m to $125m.

CDLHT attributed this decline to lower revenue from all markets aside from the UK, Japan, and Australia.

The average occupancy rate for the Singapore hotel portfolio was 71.4%, down 3.3 percentage points.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!