Investor Presentaiton
Portfolio RevPAU Increased 10% Y-o-Y in 2H 2023
4Q 2023 RevPAU reached 103% of pre-Covid levels, boosted by growth in room rates
•
Growth income sources contributed 46% of 2H 2023 gross profit (2H 2022: 48%)
Portfolio RevPAU in 2H 2023 rose 10% to S$157, reaching 103% of
pre-Covid 2H 2019 pro forma RevPAU1
4Q 2023 RevPAU increased 4% y-o-y and q-o-q to S$161, 103% of
pre-Covid 4Q 2019 pro forma levels
Portfolio RevPAU
180
160
140
•
Increase mainly due to higher average daily rates (ADR)
120
.
Average portfolio occupancy was stable q-o-q at 77% in 4Q 2023, c.92%
of pre-Covid levels
100
80
•
RevPAU of key markets Australia, Japan, Singapore, UK and USA
continued to exceed pre-Covid same-store² 4Q 2019 pro forma¹
levels
60
40
•
RevPAU of China and Vietnam continued to improve q-o-q
20
20
S$161 103%
of pre-Covid
levels
+4%
y-o-y
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023
Notes: Revenue per available unit of properties under management contracts and management contracts with minimum guaranteed income (MCMGI), excludes master leases, rental housing and student accommodation
The combination with A-HTRUST was completed on 31 Dec 2019 and the 2019 pro forma figures include the performance of the A-HTRUST portfolio
Same-store RevPAU excludes properties that were divested from 2019 to 2022
1.
2.
CapitaLand Ascott Trust
Investor Presentation
12View entire presentation