CDL Hospitality Trusts (SG:J85) has released an update.
CDL Hospitality Trusts reported a positive operational update for Q1 2024, with total revenue increasing by 7.3% to S$65.257 million from S$60.805 million in Q1 2023. Notably, the Singapore hotel segment showed a strong performance with a 20.2% revenue increase, while the Italian market also experienced significant growth at 31.4%. Despite a slight decline in New Zealand revenue, the overall financial health of the trust appears robust, with managed hotels in Singapore, Australia, Japan, Maldives, and the United Kingdom also contributing to the revenue growth.
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