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 JLL Hotels & Hospitality Group’s annual Hotel Investment Outlook, transaction volume in Asia Pacific totaled $8.5 billion, accounting for 13 percent of total global hotel volume. This represented an increase of 39 percent over 2020 volumes, but sales remained 40 percent below pre-COVID levels achieved in 2019.
Capital deployment in 2021 was impacted by ongoing pandemic restrictions and border controls in
