A flurry of good news
Hospitality trusts have posted encouraging sets of financial results as they enjoy a reprieve from the difficult conditions faced when air travel shut down....There is good news all around as airlines ramp up their itineraries with more people flying overseas for holidays.
The pent-up demand for travel has led to a surge in bookings for everything from cruises to flights.
Singapore Airlines Limited (SGX: C6L) welcomed close to three million passengers on its flights in August, up 43.5% year on year.
Back in April, Singapore saw tourist arrivals surpass the one million mark for two straight months and set a post-pandemic record.
Another beneficiary of this travel boom is the hospitality trust sector.
With more tourists flocking to Singapore and the region, these trusts are also enjoying a breath of fresh air after enduring nearly three years of hardship.
Could this REIT subsector provide income investors with higher distributions?
