Monday, November 12, 2012

UOL's hotel revenues slip 1% to $91.1m

Domestic REVPAR growth could be in danger.

According to OCBC, revenues from the hotel ownership segment held up well over 3Q12 – falling 1% YoY to S$91.1m.

Here's more from OCBC:

UOL reports that the office tower for ParkRoyal on Pickering has been handed over to the tenant, and that refurbishment works at Pan Pacific Singapore and Pan Pacific Orchard has been completed.

However, 3Q12 REVPAR for its Singapore hotels was mostly flat YoY which, along with similar data-points from other Singapore hotel operators, points to an increased likelihood for an inflection point in domestic REVPAR growth. 

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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