I'm LongbridgeAI, I can summarize articles.CDL Hospitality Trusts (CDLHT) reported a 10.4% increase in net property income (NPI) to S$33.1 million for Q1, up from S$30 million a year ago. Revenue rose 5.9% to S$67.1 million, driven by growth in most markets except Japan and the Maldives. Singapore's RevPAR increased 6.6% to S$184, with occupancy up to 80.4%. However, geopolitical tensions, particularly in the Middle East and between Japan and China, are impacting demand. CDLHT's managers noted that while the situation is challenging, the overall impact has not been significant yet.
[SINGAPORE] Net property income (NPI) for CDL Hospitality Trusts (CDLHT) was up 10.4 per cent at S$33.1 million for the first quarter ended Mar 31, from S$30 million in the same year-ago period.
Revenue increased by 5.9 per cent on the year to S$67.1 million for Q1, driven by “broad-based growth” across a majority of its portfolio markets, apart from that of Japan and the Maldives.
Based on a Thursday (Apr 30) statement, revenue per available room (RevPAR) across CDLHT’s portfolio came in mixed during the quarter.
For Singapore hotels, RevPAR stood at S$184 in Q1, up 6.6 per cent year on year from S$173. NPI for the Singapore portfolio came in at S$18.8 million for the quarter, a 5.9 per cent year-on-year increase from S$17.7 million.
Occupancy levels for the Singapore portfolio rose 5.4 percentage points to 80.4 per cent in Q1, from 75 per cent a year prior.
CDLHT’s managers said that geopolitical uncertainty arising from the Middle East conflict has begun to weigh on sentiment in March 2026, but while there had been some cancellations and moderation in demand, “the overall impact has not been significant so far”.
In contrast, its Japan hotels recorded a 4.2 per cent year-on-year decline in RevPAR, amid ongoing geopolitical tensions between Japan and China which curtailed inbound demand from China.
“Performance was also measured against a high base in the prior year, when the hotels achieved record performance,” CDLHT’s statement noted.
Looking ahead, the managers said that the operating backdrop has become “more challenging” amid heightened geopolitical uncertainty.
“The ongoing conflict in the Middle East continues to pose headwinds to global growth and will weigh on our near-term results,” said the managers.
“While resolution could support recovery in connectivity and travel flows, elevated energy costs and airfares may continue to dampen leisure and corporate travel demand, with broader inflationary pressures filtering through to operating margins.”
Stapled securities of CDLHT closed on Wednesday 1.2 per cent or S$0.01 lower at S$0.80.