Investor Presentaiton
1H 2023 Portfolio RevPAU Rose 44% Y-o-Y
Higher growth income contribution as improving flight frequencies drove recovery
Growth Income: Contributed 42% of 1H 2023 gross profit (1H 2022: 32%)
In 2Q 2023, portfolio RevPAU grew 20% y-o-y to 98% of
pre-Covid 2Q 2019 pro forma RevPAU¹
Portfolio RevPAU
•
Strong operating performance was primarily due to average daily
rates (ADR) which surpassed pre-Covid levels
160
140
•
•
Amongst CLAS' key markets, Australia, Japan, Singapore, UK
and USA performed above pre-Covid same-store² pro forma
RevPAU1 levels in 2Q 2023
China and Vietnam performance strengthened, with same-store²
2Q 2023 RevPAU at 78% and 83% of 2Q 2019 levels respectively
120
100
80
60
+20%
y-o-y
S$149
98%
of pre-Covid
levels
•
In 1Q 2023, RevPAU for China and Vietnam was 68% and 81%
of same-store² 1Q 2019 levels respectively
20
40
22
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023
1.
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 Ascendas Hospitality Trust (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
2.
CapitaLand Ascott Trust
1H 2023 Financial Results
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