YTL Hospitality REIT positive over long-term prospects

KUALA LUMPUR: The manager of YTL Hospitality Real Estate Investment Trust (REIT) says it remains confident over the long-term prospects of the hospitality sector, notwithstanding the short-term challenges.

"With the opening of international borders in the jurisdictions where the group operates, the hospitality industry is expected to stay relatively buoyant amid risks of higher inflation, interest rate hikes and other economic challenges," it said in a filing with Bursa Malaysia.