The country of Japan is significantly loosening Covid-19 border restrictions that are expected to drive increased inbound travel demand, says global property consultant CBRE.
Global property consultant JLL is reporting that Singapore's mid-market hotel sector -- fueled by increased tourist demand and reflected by heightened investment -- will continue to post healthy post-pandemic growth performance in the second half of 2022.
Based on JLL's newly released annual Hotel Investment Outlook Report, Asia Pacific's hotel market recorded a sharp investment rebound in 2021, but levels still remain below pre-pandemic levels as the industry recovery continues.
According to global property consultant CBRE, Australian hotels sales have surged to almost $2 billion this year - hitting a five-year high and up from just $681 million 2020 - despite a year of lockdowns and ongoing travel restrictions.