FHT’s Singapore portfolio RevPAR grew 76.8% YoY in 9M FY23

The hospitality trust said it exceeded the pre-2020 level by 15.2%.

Frasers Hospitality Trust (FHT) improved its RevPAR due to a strong increase in average daily rate (ADR).

In a bourse filing, FHT said its ADR and occupancy increased 60.7% and 6.9 percentage points year-on-year (YoY) in nine months of FY 2023.

It was uplifted due to the continued robust recovery of Singapore’s tourism industry and the return of events. FHA, IMDEX Asia, and CommunicAsia were to name a few that helped FHT’s earnings growth.

Here are some concerns that FHT said they would be cautiously optimistic about:

The International Monetary Fund predicted 2023 global economic growth to fall to 3% amidst persistent inflation and banking sector vulnerabilities.

The ongoing conflict between Russia and Ukraine could harm global confidence and cause further negative consequences.

The slowdown in headline inflation is anticipated and higher oil and gas prices expected with rising demand from China.

Follow the link for more news on

Frasers Hospitality

Also Read

Singaporeans want sustainable travel, but only 4 in 10 will pay more

Up to the stars: 6 in 10 plan trips based on astrology

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit