0546 GMT - CDL Hospitality Trusts has scope to sustain strong organic growth as travel demand recovers, DBS Group Research analysts write in a report. The REIT continues to be one of the top hospitality Singapore REITs benefiting from record-high revenue per available room, with hotels in prime locations, the analysts say. The travel demand outlook remains robust due to a line-up of events and concerts in the city-states, they add. DBS has a buy call on the CDL Hospitality with a target price of S$1.20. Units are last down 1.0% at S$0.97. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
October 16, 2024 01:46 ET (05:46 GMT)
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