Hospitality S-Reits, integrated resorts most exposed to fall in earnings from outbreak: Moody’s (The Business Times)
February 7, 2020 — The revenue-generating capacities of Singapore’s gaming sector and hospitality real estate investment trusts (Reits) will be the hardest hit by the novel coronavirus outbreak, according to Moody’s Investors Service.
This is because the two industries generate the majority of their revenue from foreign visitors, Moody’s said in a report on Wednesday.
Tourist arrivals to Singapore are set to fall “significantly” in the coming months, given that travel restrictions have already led to cancellations of tour and hotel bookings, Moody’s noted.
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