YTL Hospitality REIT’s 4Q NPI up 5.6%, declares 4.38 sen distribution
On prospects, the REIT expects the hospitality industry to stay relatively buoyant amidst risks of higher inflation, interest rate hikes, and other economic challenges.
YTL Corp posts flat 3Q net profit
Its property investment and development saw loss before tax narrowed due to the absence of a rental deferral programme which ended June 30, 2022, and the absence of unrealised foreign exchange loss on borrowings denominated in foreign currencies by YTL Hospitality REIT.
YTL Corp’s 2QFY23 net profit rebounds sharply as hotels, utilities segments improve
YTL Hospitality Real Estate Investment Trust's (YTL REIT) net property income (NPI) rose to RM66 million in 2QFY23 from RM55 million in the preceding quarter, while income available for distribution increased to RM27 million from RM17.
Moody’s revises Genting and subsidiaries’ outlook to ‘stable’ amid continued recovery in leisure and hospitality biz
"The group's plans to expand its New York gaming operations under Genting Malaysia Bhd may affect its credit quality, but such developments, including the timing and funding structure of the investment, ultimately hinge on the awarding of the casino licence, which remains uncertain at this point.
GenM, Genting swing to profitability in 3Q as performances improve across board
On prospects, both GenM and Genting remain cautiously optimistic about the near-term outlook of the leisure and hospitality industry and remain positive in the longer term.
Tropicana remains in the red in 3Q despite topline improvements
At the operating level, Tropicana recorded profits of RM61.
Axteria, Far East Hospitality Management sign LOI to manage the former’s hotel, serviced suites
KUALA LUMPUR (Oct 15): Axteria Group Bhd, which was formerly known as Acoustech Bhd, announced on Friday it has signed a non-binding letter of intent with Far East Hospitality Management (S) Pte Ltd (FEH) expressing its intent in managing the hotel and serviced suites located in Kota Laksamana, Melaka which are currently being developed by its wholly-owned subsidiaries Axteria Assets Sdn Bhd and Axteria Eco Sdn Bhd.
YTL Hospitality REIT in acquisition mode as yield-accretive assets emerge
KUALA LUMPUR (Sept 2): YTL Hospitality REIT is currently on the lookout for quality assets amid the industry downturn led by the pandemic, and does not rule out potential acquisitions in the near-to-medium term with the emergence of yield-accretive assets, analysts said.
Covid-19 impact on hospitality industry
The global pandemic has confronted the hospitality sector with an unprecedented challenge.
Singapore's CDL Hospitality Trusts eyeing on other accommodation assets beyond hospitality
SINGAPORE (July 27): CDL Hospitality Trusts (CDLHT) is mulling to diversify its investment strategy besides hospitality assets to include rental housing, co-living, student accommodation and senior housing, reported The Edge Singapore on July 26.
