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Frasers Hospitality Trust (ACV) investor relations material
Frasers Hospitality Trust Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Portfolio RevPAR performance was mixed in 3Q FY2025, with notable year-on-year growth in Japan and stable results in Australia and the UK, while Singapore, Malaysia, and London saw declines due to softer ADR and demand.
Occupancy generally improved or remained resilient across most markets, offsetting some ADR weakness.
The portfolio continues to benefit from the recovery in international tourism and steady domestic demand in key markets.
Financial highlights
Singapore RevPAR fell 5.6% year-on-year in 3Q FY2025 and 3.1% for 9M FY2025, mainly due to lower ADR despite higher occupancy.
Australia RevPAR was down 1.2% in 3Q FY2025 but up 0.3% for 9M FY2025, with occupancy up 2.1pp year-on-year.
UK RevPAR was flat in 3Q FY2025 and up 2.6% for 9M FY2025, driven by occupancy gains.
Japan posted a 17.6% year-on-year RevPAR increase for both 3Q and 9M FY2025, supported by higher occupancy and ADR.
Malaysia RevPAR declined 1.5% in 3Q FY2025 and 0.1% for 9M FY2025, reflecting softer corporate and group demand.
Outlook and guidance
IMF projects global GDP growth of 3.0% in 2025 and 3.1% in 2026, with cautious optimism for international tourism recovery.
Geopolitical tensions and FX volatility remain key risks, while interest rates are expected to stay elevated in the near term.
UN Tourism Confidence Index signals cautious optimism for May–August 2025.
- Australia, Japan, and Malaysia drove RevPAR growth, while Singapore and UK softened amid competition.ACV
Q3 2024 TU - RevPAR growth across all markets in 1Q FY2025, driven by occupancy recovery and resilient demand.ACV
Q1 2025 TU - Revenue and portfolio value grew, but distributions fell on higher finance costs and taxes.ACV
H2 2024 - Gross revenue grew 0.9% YoY, but higher costs drove NPI and DPS lower by 2.5% and 6.0% respectively.ACV
H1 2025
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