To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionAsia Pacific hotel investments forecast to reach $10b in 2023
Hotel investments in Asia Pacific will cool to $10.1 billion for 2023 due to a variety of external factors, representing a year-on-year decline of 14 percent, forecasts JLL.
According to JLL’s 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.
JLL data and analysis suggest that most major metrics
