Asia Pacific Vacation Real Estate News
Asia Pacific Vacation
Asia Pacific Hotel Sector Enjoys $8.5 Billion of Investment in 2021
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.
Despite COVID, Australia Hotel Sales Enjoy 5-Year High
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.
Growing Asia Pacific Hotel Investments in 2021 Reflects Growing Optimism
On a quarter-over-quarter basis, Q2 2021 saw $2.3 billion in hotel transaction volume across the region, a 5.1% slide from Q1 2021. Japan, Mainland China, Korea and Australia made up the bulk of sales volume during the second quarter, says CBRE.
Asia Pacific Hotel Transactions Hit $3.7 Billion in First Half of 2021
According to investment data tracked and analyzed by JLL Asia, pacific hotel investment remained flat in the first half of 2021 with $3.7 billion in sales, a decline of 3.7% year-on-year.
