CDL Hospitality Trusts' Singapore, Overseas Hotels Face Challenging Operating Environment

Dow Jones

2025/05/05

0640 GMT - CDL Hospitality Trusts' Singapore and overseas hotels face a challenging operating environment, CGS International analysts say in a research report. Management noted the REIT's Singapore hotels continue to face supply headwinds from hotels launched, together with the Singapore dollar's strength against regional currencies and a normalization in travel demand, the analysts say. The brokerage cuts its 2025 assumption for the Singapore portfolio's revenue per available room by 5% to reflect the negative outlook. Management is also cautious about the outlook of Pullman Hotel Munich in Germany and Hotel Cerretani Firenze in Italy, as both could be affected by tariff increases. The brokerage lowers the target price on CDL Hospitality Trusts to S$0.87 from S$1.07 with an unchanged add rating. Units are 1.3% higher at S$0.785. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 05, 2025 02:40 ET (06:40 GMT)

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Management noted the REIT's Singapore hotels continue to face supply headwinds from hotels launched, together with the Singapore dollar's strength against regional currencies and a normalization in travel demand, the analysts say. The brokerage cuts its 2025 assumption for the Singapore portfolio's revenue per available room by 5% to reflect the negative outlook. Management is also cautious about the outlook of Pullman Hotel Munich in Germany and Hotel Cerretani Firenze in Italy, as both could be affected by tariff increases. The brokerage lowers the target price on CDL Hospitality Trusts to S$0.87 from S$1.07 with an unchanged add rating. Units are 1.3% higher at S$0.785. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 05, 2025 02:40 ET (06:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CDL Hospitality Trusts' Singapore, Overseas Hotels Face Challenging Operating Environment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCDL Hospitality Trusts' Singapore, Overseas Hotels Face Challenging Operating Environment\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-05-05 14:40</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0640 GMT - CDL Hospitality Trusts' Singapore and overseas hotels face a challenging operating environment, CGS International analysts say in a research report. Management noted the REIT's Singapore hotels continue to face supply headwinds from hotels launched, together with the Singapore dollar's strength against regional currencies and a normalization in travel demand, the analysts say. The brokerage cuts its 2025 assumption for the Singapore portfolio's revenue per available room by 5% to reflect the negative outlook. Management is also cautious about the outlook of Pullman Hotel Munich in Germany and Hotel Cerretani Firenze in Italy, as both could be affected by tariff increases. The brokerage lowers the target price on CDL Hospitality Trusts to S$0.87 from S$1.07 with an unchanged add rating. Units are 1.3% higher at S$0.785. 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Management noted the REIT's Singapore hotels continue to face supply headwinds from hotels launched, together with the Singapore dollar's strength against regional currencies and a normalization in travel demand, the analysts say. The brokerage cuts its 2025 assumption for the Singapore portfolio's revenue per available room by 5% to reflect the negative outlook. Management is also cautious about the outlook of Pullman Hotel Munich in Germany and Hotel Cerretani Firenze in Italy, as both could be affected by tariff increases. The brokerage lowers the target price on CDL Hospitality Trusts to S$0.87 from S$1.07 with an unchanged add rating. Units are 1.3% higher at S$0.785. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"J85.SI":"城市酒店信托"},"translate_title":"CDL Hospitality Trusts的新加坡和海外酒店面临充满挑战的运营环境","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"J85.SI":0.9},"content_text":"0640 GMT - CDL Hospitality Trusts' Singapore and overseas hotels face a challenging operating environment, CGS International analysts say in a research report. Management noted the REIT's Singapore hotels continue to face supply headwinds from hotels launched, together with the Singapore dollar's strength against regional currencies and a normalization in travel demand, the analysts say. The brokerage cuts its 2025 assumption for the Singapore portfolio's revenue per available room by 5% to reflect the negative outlook. Management is also cautious about the outlook of Pullman Hotel Munich in Germany and Hotel Cerretani Firenze in Italy, as both could be affected by tariff increases. The brokerage lowers the target price on CDL Hospitality Trusts to S$0.87 from S$1.07 with an unchanged add rating. Units are 1.3% higher at S$0.785. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 05, 2025 02:40 ET (06:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}