Frasers Hospitality Trust (SGX:ACV) reported a higher revenue per available room or RevPAR across its portfolio during fiscal Q1, according to a filing with the Singapore Exchange on Wednesday.
RevPAR increased 4.0% year over year in Singapore with a 6.88 percentage points improvement with average daily rent or ADR declining 5.7%.
The Australian portfolio reported a 4.4% increase in RevPAR with ADR declining 1.3% year over year.
In UK, RevPar increased marginally from 124 pounds to 127 pounds, backed by a moderate rise in occupancy.
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