Staying constructive on Asia Pacific hotel REITs
Covid-19 has decimated economies around the world as governments have taken actions to combat the spread of the virus through social distancing, stay at home notices and citywide lockdowns. For the first time since World War II, hotels have been shuttered en masse, with tens of thousands of hotels closed, and tens of millions of hospitality and leisure jobs lost or furloughed. While stock markets overall have shown resilience on the back of emergency quantitative easing programs by central banks, totaling an unprecedented $7.6 trillion1 in overall fiscal support measures, listed companies in the hotel and travel sectors have been particularly hard hit. Asian hospitality REITs have not escaped the carnage. Find out more by downloading our latest report.