Hospitality stocks such as CDL Hospitality Reit has been heavily ravaged throughout the entire period of the pandemic.

The unprecedented impact on the global economy due to the Covid-19 pandemic, which led to an initial global close down and the few weeks of a circuit breaker, has never before been seen in the human history of mankind.

This shock factor leads to the rapid market crash back in March which accentuated the problems due to the debt-heavy fuelled model with cheap liquidity over the last 10 years since the GFC days.

During a pandemic event like this, naturally, industries such as airlines, cruises, retails, and hospitalities become a casualty as tourism fled countries and people shy away from temporarily flying to these hot-spot areas.

As a result, this causes businesses to fail, hotel occupancies to rise (that leads to a drop in the unit economic ARPU)