The WPJ

Asia Pacific Vacation

Investment in South Korea Hotels Dipped in 2023

Based on new research by international property consultant Colliers, annual total investment in South Korean hotels reached KRW 5.8 trillion and KRW 5.5 trillion in 2021 and 2022, respectively.

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 Vacation Property News












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