Investor Presentaiton
* Vietnam
Steady recovery led to healthy year-end performance, outlook remains positive
RevPAU (VND’000)
+98%1
3% of total assets, 5% of 2H 2022 gross profit: 5 SRS under management contracts
1,3401
1,325
678
Includes
SCTD which
was acquired
in Nov 2022
4Q 2021
4Q 2022
2H 2022 revenue and gross profit was 55% and 54%
higher y-o-y respectively, mainly due to the strong
recovery following the reopening of borders and the
contribution from Somerset Central TD Hai Phong
City (SCTD) which was acquired in Nov 2022
• On a same-store basis¹, 4Q 2022 RevPAU increased
98% y-o-y and 16% q-o-q to VND 1,340,000, which is
78% of 4Q 2019 same-store RevPAU2
Long stays remained the primary source of business in
4Q 2022, and average length of stay was c.5 months
Ho Chi Minh City properties registered an average
occupancy of c.90% in 4Q 2022, boosted by strong
demand from travellers who were on trips for both
business and leisure purposes; MICE events and
tradeshows led to a rise in corporate bookings and
the proportion of short-stay guests increased
Hanoi properties saw a steady recovery in
4Q 2022 and whilst the corporate segment
remained the key income contributor, there was a
rise in international leisure guests during the
year-end holiday season
Retail and commercial spaces in CLAS'
Vietnam properties continue to be well-leased,
offering diversification and a resilient income
stream
Notes:
1.
2.
Excluding Somerset Central TD Hai Phong City which was acquired in Nov 2022
Excluding Somerset West Lake Hanoi which was divested in Oct 2019
CapitaLand Ascott Trust
Investor Presentation
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