Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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


Step by Step Solution

3.48 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

The CGSCIMB Research Report suggests that hotel occupancy rates may be capped by domestic tourism ac... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Accounting questions

Question

1. Give them prompts, cues, and time to answer.

Answered: 1 week ago

Question

3.4 Evaluate the DSM system, listing its strengths and weaknesses.

Answered: 1 week ago