Find out the share price performance of any Travel, Leisure and Hospitality share traded in Bursa Malaysia for the first 8 months of 2022.

CGS-CIMB Research on 04 Aug 2022 reported that “For the hotel and hospitality space, although average occupancy rates trickled upwards to 50% to 55% at the end of 2021, further increases in occupancy rates may be capped by domestic tourism activities, as international tourist arrivals, which plunged sharply in 2020 and 2021, may take longer to return to pre-pandemic levels. Based on our checks, industry views point to hotel occupancy rates rising to 60% to 70% by the end of 2022.” Based on this report, what do you think will be the share price performance of the REITS share you have chosen in (i) for the remaining four months in 2021, and for the year 2023? Justify your answer

Answer rating: 100% (QA)

The CGSCIMB Research Report suggests that hotel occupancy rates may be capped by domestic tourism ac... View the full answer