CapitaLand Ascott Trust (CLAS) saw a 12% rise in H1 2024 gross profit to $172.9m due to international travel growth and higher room rates in key markets.
CapitaLand Ascott Trust (CLAS) reported a 12% rise in gross profit to $172.9m in H1 2024, driven by international travel growth and higher room rates in key markets such as Japan and the US. Revenue per available unit (RevPAU) increased 5% to $145, and total revenue reached $386.4m, up 11% YoY. However, distribution per stapled security (DPS) dropped 8% to 2.55 cents due to foreign currency depreciation.
July 26, 2024
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