According to new data by JLL, full year Asia Pacific hotel investment volumes in 2024 are anticipated to grow by 4.3% over 2023, which totaled $11.7 billion.
Global property consultant CBRE reported this week that Japan's commercial real estate transaction volume for Q2 2024 decreased by 25% year-over-year to JPY 663.0 billion.
Data from the Bank of Japan (BoJ) indicates that outstanding loans to the real estate sector by Japanese financial institutions, including domestic banks and Shinkin banks, reached JPY 129 trillion at the end of March 2024.
According to CBRE, strong domestic and international demand have established Korea as one of the top-performing hotel markets in the Asia Pacific region over the past two years.