Investments in hotels surge due to demand
Print Edition
HOTEL investments in Asia more than doubled in the first nine months of this year as robust tourism markets across the region saw the industry register its strongest year since 2008.
The investments surged 145 percent year on year to US$3.9 billion between January and September. In the third quarter, hotel investments rose 41 percent annually to US$1.2 billion.
“Hotels in Asia have seen a significant turnaround over the past two years,” said Mike Batchelor, managing director of investment sales, hotels & hospitality, Jones Lang LaSalle.
“Going forward, we are aware of approximately US$1.3 billion in contracts that will contribute to a very strong pipeline over the remainder of the year.”
Singapore, which saw strong demand from overseas investors given its consistently high occupancy rate and tourist arrivals, contributed 16 percent of the region’s investment transactions year to date, the firm said.
Buyers are also turning to Thailand, Seychelles and the Maldives as “the demand from private and institutional investors will ensure transactions remain healthy,” Batchelor said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
