Pavilion-REIT to benefit from higher tourist spending

UOB Kay Hian Research has maintained its revenue and net profit forecasts on Pavilion-REIT.

PETALING JAYA: Pavilion Real Estate Investment Trust’s (Pavilion-REIT) premium retail assets are less vulnerable to downward pressure on occupancy and rental rates, amid the rising headwinds in the retail sector on the back of sustained high inflation that hurts consumer spending.

The group will also benefit from the return of international tourists and higher tourist spending spurred by the weak ringgit, Kenanga Research said.