CDL Hospitality Trust's NPI dropped 56% to $29.72m in H1

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No Most of its hotels were either temporarily closed or were operating at low occupancies. CDL Hospitality Trusts (CDLHT) saw its net property income (NPI) plunge 56% YoY to $29.72m in H1 from $67.53m in H1 2019, an SGX filing revealed. Revenue similarly dropped 44.5% YoY to $52.06m from $93.77m over the same period. With the exception of the New Zealand and Singapore hotels, most of CDLHT’s properties were either closed on a temporary basis or were operating at low occupancies from March onwards. read more