The continued rebound of the tourism and hospitality sector has led Sagicor Real Estate X Fund Limited to increase revenues to $7.1 billion during it 2022 financial year — 23 per cent above the prior year.
The company in a year-end report said that the solid performance continues to be driven by its core hotel operations benefiting from sharp increases in bookings and occupancy levels due to the easing of travel restrictions and pent-up demand for leisure and business travels.
“Sagicor X Fund’s solid performance continues to be driven by its hotel operations with an uptick in bookings and occupancy levels as a result of the ‘reopening’ of the sector and the easing of travel restrictions. After two challenging years and restrictions with travelling, there is a demand for leisure and business travels,” said Brenda-Lee Martin, chief executive officer (CEO) of Sagicor Real Estate X Fund.
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