Singha upbeat on outlook for hotels

Singha upbeat on outlook for hotels Developer banking on tourism revival in Thailand, Mauritius and Fiji SET-listed developer Singha Estate expects the tourism sector in Thailand, Mauritius and Fiji to rebound by the second quarter of 2022, helping to revive its hotel business in the three countries. Chairath Sivapornpan, chief financial officer, said the company projects a turnaround for its Thai hotels the rest of the year, seeing positive earnings before interest, taxes, depreciation and amortisation (Ebitda). “There were good signs after Thailand reopened earlier this month,” he said. “Our…

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