Demand And Interest-rate SensitivityA setback in global travel demand or an unexpected rise in interest rates would reduce occupancy and raise financing costs, weighing on distributable income.
Rising Hotel SupplyAn increase in new hotel room supply in Singapore could cap room-rate growth and intensify price competition, pressuring revenue per available room.
Tapering Capital Gains And Payout PressureTapering capital gain distributions removes one-off uplifts to cash payouts, increasing reliance on operating performance to sustain future distributions.