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Hotel investments in Asia-Pacific set to grow
By Cherry Cao |
February 22, 2013, Friday
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Print Edition
Print Edition
HOTEL investments are set to increase in Asia-Pacific, with investors in China eying the mid-scale hotel market, according to the latest industry report.
Hotel transaction volumes are forecast to hit US$3.5 billion in 2013, Jones Lang LaSalle predicted yesterday in its newly released hotel investment outlook report. In 2012, US$3.3 billion were invested in hotels, a year-on-year drop of 30 percent.
Australia and Japan will likely see the lion's share of investments although investor interest is also likely in the rest of the region, according to the report.
For China, the report said, investors are expected to target the mid-scale hotel market, which will be an exciting segment to watch over the next five years as a wealthier traveling middle-class points to a significant opportunity.
Regionally, investor appetite for acquisitions is strongest in Phuket, Ho Chi Minh City, Auckland, Osaka and Tokyo, Jones Lang LaSalle said.
Hotel transaction volumes are forecast to hit US$3.5 billion in 2013, Jones Lang LaSalle predicted yesterday in its newly released hotel investment outlook report. In 2012, US$3.3 billion were invested in hotels, a year-on-year drop of 30 percent.
Australia and Japan will likely see the lion's share of investments although investor interest is also likely in the rest of the region, according to the report.
For China, the report said, investors are expected to target the mid-scale hotel market, which will be an exciting segment to watch over the next five years as a wealthier traveling middle-class points to a significant opportunity.
Regionally, investor appetite for acquisitions is strongest in Phuket, Ho Chi Minh City, Auckland, Osaka and Tokyo, Jones Lang LaSalle said.
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