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CDL Hospitality TrustS
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Notes to the Financial Statements
21 Operating segments
The H-REIT Group and the Stapled Group have three reportable segments, as described below. The
reporting segments operate in different countries and are managed separately because of the differences
in operating and regulatory environment. For each of the reporting segments, the BOD of the H-REIT
Manager reviews internal management reports on a monthly basis. The following summary describes the
operations in each of the reportable segments:
• Singapore Hotels - the 6 Singapore investment properties (except for Orchard Hotel Shopping
Arcade) that are being leased and operated as hotels
• New Zealand Hotel - the New Zealand investment property that is being leased and operated as a hotel
• Australia Hotels - the 5 Australia investment properties that are being leased and operated as hotels
Other operations include Orchard Hotel Shopping Arcade which is being leased to individual tenants
and operated as retail space. Orchard Hotel Shopping Arcade does not meet any of the quantitative
thresholds for determining reportable segments in 2012 or 2011.
No segment information is presented for HBT as it is dormant.
Information regarding the results of each reportable segment is included below. Performance is measured
based on segment net property income, as included in the internal management reports that are reviewed
by the BOD of the H-REIT Manager. Segment net property income is used to measure performance as
management believes that such information is the most relevant in evaluating the results of its segments
relative to other entities that operate within the same industry.