Asia-Pacific hotel investment reaches $8bn as travel demand rises
Investment in Asia-Pacific hotel assets reached US$8 billion in the first half of the year, up 21 per cent from a year earlier, according to CBRE. The property consultancy said rising travel demand and limited new supply supported values, with Japan, mainland China and South Korea attracting the most activity.
Investment in hotel assets across the Asia-Pacific region reached US$8 billion in the first half of the year, according to property consultancy CBRE, the South China Morning Post reports. The figure represented a 21 per cent increase from the same period a year earlier. CBRE attributed the stronger investor appetite to consumers’ growing eagerness to travel and constrained supply of new hotel properties.
Limited supply helped support property values, the consultancy said. Hong Kong was among the markets where investor interest increased, while Japan, mainland China and South Korea attracted the most activity during the period. CBRE described Asia-Pacific hotels as a particularly compelling investment opportunity, based on the conditions outlined in its report.
The supplied material does not provide a country-by-country breakdown of the US$8 billion or forecasts for the rest of the year.
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