I'm LongbridgeAI, I can summarize articles.CDL Hospitality Trusts (CDLHT) anticipates a rebound after facing five quarters of declining net property income due to renovations and high interest rates. With recent refurbishments of three hotels completed, CDLHT is poised to benefit from an improving tourism outlook in Singapore. CEO Vincent Yeo expects 2026 to bring a stronger hospitality market driven by a robust events calendar.
[SINGAPORE] After persevering through five consecutive quarters of year-on-year declines in net property income (NPI) – brought on partly by extensive renovations of three hotels and high interest rates – CDL Hospitality Trusts (CDLHT) is looking at brighter skies.
Following the completion last year of refurbishments for W Hotel in Sentosa Cove, Grand Millennium Auckland and Ibis Perth, the stapled group is now in a position to capture demand catalysts.
“We expect 2026 to be a better year for the Singapore hospitality market, with a generally stronger events calendar,” noted Vincent Yeo, the chief executive officer of the managers of CDLHT .