Summary: CDL Hospitality Trusts’ (CDLHT) net property income (NPI) fell 5.6% to S$34.3 million for Q3, while revenue rose 2.5% to S$69.2 million. The decline in Singapore’s core market NPI was attributed to lower RevPAR and the shift of the Formula 1 Singapore Grand Prix. However, the UK market saw growth in both RevPAR and NPI, contributing to the overall revenue increase.

Link: https://www.businesstimes.com.sg/companies-markets/cdl-hospitality-trusts-q3-npi-falls-5-6-s34-3-million