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Asia Pacific hotel transactions remain flat
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Hotel investment remains flat
published : 22 Jul 2021 at 04:00 A file photo taken on June 27 shows an employee walking through the reception area of the Banyan Tree hotel in Phuket. Bloomberg
Hotel investment in Asia Pacific remained flat in the first half of 2021 with US$3.7 billion in sales, a decline of 3.7% year-on-year, according to JLL Hotels & Hospitality Group.
In total, 61 hotel investment deals were transacted in the first half across nine countries and representing over 10,000 rooms.
Hotel transaction volumes in the first half of 2021 were approximately 18% below the same period in 2019, which was the peak of the investment market in Asia Pacific.
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Asia Pacific hotel investment remained flat in the first half of 2021 with USD3.7 billion in sales, a decline of 3.7% year-on-year. In total, 61 hotel investment deals were transacted in the first half of the year across nine countries and representing over 10,000 rooms.
According to investment data tracked and analyzed by JLL (NYSE: JLL), hotel transaction volumes in the first half of 2021 stand approximately 18% below the same period in 2019, which was the peak of the investment market in Asia Pacific. However, the completion of several major transactions continues to demonstrate the resilience of the sector and growing confidence of investors in the hospitality market despite the current challenging operating environment and travel restrictions.