Hospitality REITs - OCBC Investment 2016-03-10: Outlook still largely cautious
CDL HOSPITALITY TRUSTS CDLHT J85.SI ASCOTT RESIDENCE TRUST A68U.SI Hospitality REITs: Outlook still largely cautious
- Recent statistics released from Singapore Tourism Board (STB) revealed that overall international visitor arrivals to Singapore grew by a marginal 0.9% to 15.2m in 2015. This comes in at close to the mid-end of STB’s forecast range of 15.1-15.5m visitors for the full year.
- Tourism receipts dipped 6.8% to S$22.0b.
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