CDL Hospitality Trusts Q1 NPI rises 10.4% to S$33.1 million
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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.
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