More than 72 percent of investors plan to increase their hotel investment allocations in Asia Pacific, according to CBRE’s 2025 Asia Pacific Hotel Investor Intentions Survey.

A rebound in tourist arrivals, particularly in Japan, Singapore and Australia, has sparked investor interest in hotel assets amid limited supply in the region. Tokyo leads as the top city for hotel investment, followed by Sydney, with Seoul and Bangkok tied for third, and Singapore and Osaka both in fifth place.

“After performing strongly over the past 18 months, investors anticipate hotel and living assets in Asia Pacific to have the most optimistic pricing expectations in 2025,” says Steve Carroll, head of hotels, capital markets, Asia Pacific, CBRE. “The boost in international arrivals from