Urban Development Hotel Services Trust: The Middle East Conflict Brings Negative Impact on the Portfolio | Lianhe Zaobao

CDL Hospitality Trusts stated that the ongoing conflict in the Middle East has negatively impacted its portfolio, although the overall effect is not significant. Some hotel room bookings are facing cancellations, and the growth rate of new bookings has slowed, particularly in the Maldives where the impact is most pronounced. There has also been a slowdown in bookings in parts of Auckland and the UK, but the Tokyo and Munich markets remain relatively stable. The Singapore market shows resilience, and management indicated that the impact is manageable, but if the conflict continues, it may suppress demand. The trust's stock price closed at SGD 0.84