The last time I reviewed OUE Hospitality Trust was last year May 2017 ( OUE Hospitality Trust 1Q2017 Results – Signs of Recovery? ). OUE Hospitality Trust released their 4Q2017 financial results on 30th January 2018 however I only managed to take a look at it recently. I am glad that their Hospitality segment recorded higher income due to better operating performance of Mandarin Orchard Singapore and full-year contribution from the enlarged 563-room Crowne Plaza Changi Airport.
Annual Distribution per unit increased 11.5% from 4.61 cents to 5.14 cents. This gem has finally reviewed its shine and I hope this continues over the next quarters. Will it?
Below is Singapore Hotel statistics compiled by Singapore Tourism Board.
|Singapore Hotel Tourism Board Statistics 2017||Jan to Dec 2017||Year-on-Year % Change|
|Standard Average Occupancy Rate (AOR) (%)||84.7||1.5|
|Total Room Revenue ($ m)||3,696.3||…|