Nihat Ercan News Today

The Clarion Hotel President, situated on Radhakrishnan Salai Road near the city centre and Marina Beach, has 129 rooms.

Ahead of the inaugural AHICE South East Asia, JLL Hotels and Hospitality Group CEO APAC, Nihat Ercan, discusses the latest developments in hospitality in the region.

The International Society of Hospitality Consultants (ISHC), in partnership with the Hotel Investment Conference Asia Pacific (HICAP) awarded Vicky Jian, Project Director at Horwath HTL Singapore, with the Rising Star Award Asia Pacific during the HICAP event on 24 October 2023.

Hotel investments in Asia Pacific will cool to $10.1 billion for 2023 due a variety of external factors, representing a year-on-year decline of 14%. According to JLL’s (www.jll.com) Hotels & Hospitality Group’s recently published Hotel Investment Highlights Asia Pacific, a decline in both transactions and investment volumes versus 2022 is largely attributable to the combined headwinds of interest rate increases, cost inflation, and macroeconomic uncertainty.

The hospitality sector in India is attracting a diverse range of investors, including book publishers, car dealers, and school owners, in addition to industrial groups. The increased interest is driven by the countrys growing economy and high demand for hospitality services. Hotel companies are also expanding to meet the surge in demand, while standalone properties in non-metro areas are being acquired by hotel chains. Factors such as the rise of travel as a lifestyle trend, improved infrastruct...

The hotel industry in India experienced a significant increase in transactions, reaching $175 million in the first half of 2023, a 140% rise compared to the previous year. This growth was attributed to Indias outlier status in the APAC market, where hotel deal volumes declined. The development pipeline has slowed down, leading to more trading of operating assets. Experts predict that Indias hotel investments will continue to increase in the coming years, potentially reaching the level of markets...

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.

A string of marquee hotel sales across Asia Pacific are raising hopes of a rebound in investor appetite.

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. Coming off a high base in 2022 and despite supportive market fundamentals, hotel investments moderated to $3.13 billion in the first half versus $6.41 billion during the same period last year, according to data and analysis by JLL (NYSE: JLL).

The hotel and resort segment is proving enticing to foreign investors in mergers and acquisitions.