0332 GMT - CDL Hospitality Trusts faces a muted 2025 outlook for the Singapore hospitality sector, RHB Research's Vijay Natarajan says in a research report. Singapore hospitality demand is likely to ease in 1Q, given the absence of large-scale events and supply, the analyst says. That comes amid a marked tightening in tourist spending, especially from Chin, which represents Singapore's biggest visitor market, the analyst adds. The outlook is expected to weigh down CDL Hospitality Trust's Singapore portfolio, and RHB trims its 2025 revenue-per-available-room expectation to a marginal decline from a marginal increase previously. RHB lowers the units' target price to S$0.93 from S$1.00 and maintains a neutral rating. Units are unchanged at S$0.855. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 30, 2025 22:32 ET (03:32 GMT)
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