Greater recovery visibility • Overseas hotels performed better• Strong forward bookings at W Hotel and the Maldives hotels• Improvement in RevPAR for most markets Investment thesis CDL Hospitality Trusts' (CDLHT) 3Q21 revenue and NPI grew 32.8% and 34.8% YoY to SGD40.0m and SGD20.5m, respectively. NPI improved YoY for all markets with the exception of Singapore […]

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