FRASERS Hospitality Trust Records Increase in Revenue Per Available Room Across Portfolio
FRASERS Hospitality Trust (FHT) recorded an increase in revenue per available room (RevPAR) across its portfolio in the first quarter ended Dec 31, 2024, on sustained travel demand for all its key markets.
FHT: A Stapled Group of Real Estate and Business Trust
FHT is a stapled group comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust.
Key Markets Record Improved RevPAR
All the stapled group’s key markets recorded improved RevPAR in the first quarter, with Japan posting the largest rise, data released in a business update on Wednesday (Feb 5) showed.
Japan Portfolio Sees 18.3% Rise in RevPAR
Its Japan portfolio recorded an 18.3 per cent rise in RevPar to 12,193 yen (S$107.63), from 10,310 yen in the year-ago period. Within the country, Tokyo and Osaka experienced significant growth driven by robust inbound travel, while Kobe observed a modest recovery, noted FHT.
Other Markets Also See Increase in RevPAR
For its Singapore portfolio, FHT’s RevPAR rose 4 per cent to S$256, from S$246 previously. While the average daily rates fell in the first quarter, occupancy rates improved. “This is consistent with the broader Singapore market, where industry players have adjusted their pricing strategies to boost occupancy,” the group said.
In Australia, RevPAR increased 4.4 per cent to A$236 (S$199.95), from A$226 before. This was primarily driven by higher occupancy, especially in Melbourne, where stronger demand in the corporate and leisure segments supported recovery.
In the UK, FHT noted that recovery was better in the first quarter, compared to the weaker-than-expected demand observed in the year-ago period. RevPAR rose 2.6 per cent to £127 (S$214.71), from £124.
In Malaysia, RevPAR grew 3.7 per cent on the year to RM489 (S$149.14), from RM471 in the corresponding period of the prior year.
Conclusion
FRASERS Hospitality Trust’s positive results in the first quarter of 2025 demonstrate the group’s resilience and ability to adapt to changing market conditions. The managers expect global tourism demand to chart a full recovery, despite ongoing economic and climate challenges. By September 2024, global tourism had reached 98 per cent of pre-pandemic levels.
FAQs
Q: What is FRASERS Hospitality Trust’s key portfolio?
A: FRASERS Hospitality Trust’s key portfolio includes properties in Japan, Singapore, Australia, the UK, and Malaysia.
Q: What was the increase in RevPAR for FRASERS Hospitality Trust’s Japan portfolio?
A: FRASERS Hospitality Trust’s Japan portfolio recorded an 18.3 per cent rise in RevPAR to 12,193 yen (S$107.63) in the first quarter of 2025.
Q: How did FRASERS Hospitality Trust’s Singapore portfolio perform in the first quarter of 2025?
A: FRASERS Hospitality Trust’s Singapore portfolio saw a 4 per cent rise in RevPAR to S$256 in the first quarter of 2025.
Q: What was the reason for the decline in average daily rates in Singapore?
A: Industry players have adjusted their pricing strategies to boost occupancy, which led to a decline in average daily rates in Singapore.
Q: How did FRASERS Hospitality Trust’s UK portfolio perform in the first quarter of 2025?
A: FRASERS Hospitality Trust’s UK portfolio saw a 2.6 per cent rise in RevPAR to £127 (S$214.71) in the first quarter of 2025.
Q: What is the expected global tourism demand?
A: FRASERS Hospitality Trust’s managers expect global tourism demand to chart a full recovery, despite ongoing economic and climate challenges. By September 2024, global tourism had reached 98 per cent of pre-pandemic levels.
