Asia Pacific Vacation Real Estate News
Asia Pacific Vacation
Asia Pacific Tourism to Approach Full Recovery in 2024, Driving Hotel Sector Growth
According to new CBRE research, institutional investors are attracted to prime hotel assets in tier one markets across Asia Pacific, even though tourist arrivals in key destinations are only reaching 70-80% of pre-pandemic levels.
Asia Pacific Hotel Revenues to Rise in 2024 Despite Economic Volatility
According to JLL's Hotel Operators' Sentiment Survey 2023, hotel occupancy levels in the Asia Pacific (APAC) continue to rise steadily following the reopening of all key markets, the ramping up of air capacity, and a strong pick up in conferences and events around the region.
International Travel for Americans Jumps Over 200 Percent in 2023
According to AAA booking data, international trips are on the rise this year. International travel is up more than 200% compared to 2022. Hotel bookings are seeing the biggest jump, up more than 300% over last year.
Asia Pacific Hotel Investment Collapses 51 Percent in 2023
Based on new data from JLL, Asia Pacific hotel investment volumes declined by 51% year-on-year in the first half of 2023 as macroeconomic challenges and the rising cost of debt influenced capital deployment.
