Exposure To Travel Demand And Interest-rate ShiftsA setback in global travel demand or an unexpected rise in interest rates would reduce occupancy and increase financing costs, hurting distributable income.
Rising Hotel Room SupplyRising hotel room supply in Singapore may limit the ability to raise room rates, intensify price competition and pressure revenue per available room.
Tapering Capital Gains Affecting PayoutsTapering capital gain distributions removes one-off boosts to payouts, leaving distributions more dependent on recurring operational cash flow.