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Asia Pacific hotel investments to cross $12 billion in 2024: JLL Asia Pacific hotel investments will total $12.2 billion for the full year 2024 as an influx of investment activity, a more favourable interest rate environment and generally supportive macro and microeconomic developments will positively impact sentiment in the sector regionally. In the first nine months of 2024, cumulative transaction volumes totalled $9.05 billion, tracking up 15% year-on-year ($7.87 billion in 2023) and representing 90% of the volume of 2019. Led by Japan, cross-border investment surged in YTD Sep 2024 driven by large transactions in Asia, while Australia experienced a rare lull in annual activity. “Investors have consistently shown an appetite to play larger in the hotel sector in Asia Pacific and we see no signs that activity will wane in the last quarter of 2024, making us increase our investment volume forecast to $12.2 billion,” says Nihat Can Ercan CEO, JLL's Hotels & Hospitality Group Asia Pacific.   On a country-basis, investment volumes were generally positive in the first nine months of 2024, with a few exceptions across the Asia Pacific region: Read JLL commentary on various Asia Pacific markets including Japan, China, Australia, Korea, Singapore, Hong Kong, India and Thailand on The Hotel Conversation:> https://lnkd.in/gUyMzy3H RETalk Asia Gillian Berardi Andrew Peck Xander Nijnens Isabel Wong James Yukio Abe Charlie Macildowie Peter Harper Nick Thompson Gareth Closter Adam Bury Andrew Langsford Gus Moors Ben McDonald Will Connolly Nick MacFie Greg Jeloudev Lachlan Persley Elyse Balcombe Debbie Farrelly Christian Tsalikis Kate MacDonald Ervin Seow, CFA Pimpanga Orn Yomchinda Calvin Li Anthony Couse #jll #jllhotels #hotelindustry #hotelnews #hotelinvestment #hotelowners #hotel #hotelmanagement #hotelbusiness

Asia Pacific Hotel Investment to Exceed $12 Billion in 2024 According to new data by JLL, full year Asia Pacific hotel investment volumes in 2024 are anticipated to grow by 4.3% over 2023, which totaled $11.7 billion. Oscar Chan, Head of Capital Markets at JLL in Hong Kong, said: "Currently, Hong Kong is experiencing high vacancy rates in many hotels, particularly in the three- and four-star categories, largely due to changing tourist consumption patterns. The latest Policy Address introduced a pilot scheme to incentivize the conversion of hotels into student accommodation by streamlining the application process for planning, lands and building plans, so as to encourage the market to convert hotels into student hostels on a self‑financing and privately‑funded basis. This move is expected to stimulate investment interest, attracting more developers and investors to participate and inject new vitality into the market." #realestate #property #therealtynews #investors #investments #demand #growth #hospitalityindustry #hotels #luxuryhotels #data #report JLL JLL Hong Kong https://lnkd.in/gQCTcmAz

The CBRE Hotels Research Global Hotel Investor Intentions Survey 2024 is out and indicates a bullish trend, with over half of hotel investors planning increased investments driven by higher returns and price adjustments. Preferences vary by region - the US favours upscale segments and resorts and Europe leans towards gateway cities. In #APAC, hotel investors predominantly target independent hotels for short-term investment, and have a notable preference for urban locations. About one-third of investors favour hotel-branded residential properties. There's certainly #opportunities for targeted investment in hospitality right now, but success will only come after careful consideration and mitigation of geopolitical risks and high borrowing, labour and construction costs. #Hospitality #HotelInvestor #AssetManagement

A weekly analysis of global #hotelindustry says that just as a #solareclipse in North America drove local hotel business to record highs, the rest of the year ahead would see similar growth in occupancies and rates, with global trend remaining strong throughout 2024. #IndiaOutbound #IndiaOutboundMagazine STR

Why #Hotel #Investment is One of the Most Specialized and Important Real Estate Investments ⁉️⁉️🏩💵💵 The #hotel sector in #real_estate development stands out as one of the most unique and lucrative investment opportunities globally. Unlike residential or commercial properties, which primarily rely on long-term leases, the hotel industry provides a continuous stream of operational revenue, making it an attractive choice for investors looking for stable and dynamic returns. Here’s why hotel investment is considered one of the most specialized and important real estate sectors, backed by #global facts and figures from 2023: 1. Continuous Operational Revenue: Hotels generate daily operational revenue from bookings, offering a steady cash flow. In 2023, the global hotel industry saw a 4.4% increase in revenue per available room (RevPAR) compared to the previous year, reflecting the strong performance and financial stability of this sector. 2. Price Flexibility and Revenue Growth: Hotels have high flexibility in pricing, allowing them to adjust rates based on seasonal demand, major events, or market shifts. In the Caribbean, for instance, hotel prices increased by 6% during the summer season of 2023, showing the sector’s capacity to maximize profits through dynamic pricing strategies. 3. High #Global Demand for #Tourism : As the world continues to recover from the COVID-19 pandemic, the demand for hotels and tourism remains strong. In 2023, U.S. hotels saw an 8% increase in room occupancy rates, signaling a robust rebound in global travel. Europe and the Middle East reported average hotel occupancy rates of 70-75%, underscoring the enduring appeal of hotel investments worldwide. 4. High Property #Value #Appreciation: Hotels appreciate in value due to their operational success and brand reputation. In 2023, luxury hotel values in key markets such as Dubai and Paris rose by 7-10%, demonstrating the sector's resilience and long-term profitability. 5. Economic Stimulus and #Job_Creation : The hotel industry significantly contributes to local economies and job creation. In 2023, the hospitality and tourism sector accounted for about 10% of global GDP, and it is projected to continue growing at a rate of 5.6% annually until 2025, reinforcing the sector’s role in economic development. In summary, hotel investment offers not only strong operational returns and flexible pricing strategies but also plays a crucial role in global economic growth through tourism and job creation. For investors seeking a sustainable, high-value asset, the hotel sector remains an unparalleled choice in specialized real estate investment. #HotelInvestment #RealEstate #GlobalEconomy #HospitalityIndustry #RevPAR #TourismGrowth #InvestmentOpportunities #LuxuryHotels #SustainableReturns

🌟 May brings positive trends in European hotel industry 🌟 Despite fluctuating weather and geopolitical challenges, the European hotel industry continues to show promising growth in May. Key highlights: 📈 Occupancy Rate: Up to 72.9% from 69.3% in April, with a modest increase of +0.2 points compared to May 2023 and +2.4 points compared to 2022. 💰 Average Daily Rate (ADR): Increased by +3.9% compared to 2023 and +17.3% compared to 2022, reaching €135.7. 🏨 RevPAR: Rose by 4.2% compared to May 2023 and +21.3% compared to 2022. The upscale segment leads the growth, while the economy and budget segments face challenges. Southern Europe outshines the North, and this trend is set to continue for the next few months. For more insights, visit: www.hsmai.eu Read more at : https://lnkd.in/eTs6357J #Hospitality #Travel #Tourism #HotelIndustry #HSMAI #Growth #Europe #May2024

U.S. hotel investment set to accelerate in 2024, particularly in top urban markets Despite the expectation of prolonged economic uncertainty and geopolitical headwinds in 2024, U.S. hotel performance is forecasted to remain above pre-pandemic levels and provide a favorable backdrop for hotel investors. On the demand side, leisure travel will gradually normalize amidst increased outbound travel options. Conversely, group, business and international travel will continue to reemerge as return-to-office mandates grow and consumers prioritize spending on travel. This will underpin a boost in performance for U.S. urban markets, including New York, Boston, Chicago and San Francisco, among others.   Rates will also remain elevated through 2024; however, there are signs of ADR growth slowing down due to pricing fatigue. Since April 2023, trailing-12-month ADR has consistently grown less than 1%, month-over-month. Nevertheless, the U.S. hotel industry is expected to deliver robust performance in 2024, with year-end RevPAR forecasted to be up 18.1% from 2019. Look for urban markets to lead the way and attract increased investment, with major markets, such as Chicago, Los Angeles and New York City, to drive transaction activity.   Read more at: https://lnkd.in/gxNxmBEp #hotel #travelindustry #allsuitehotel #extendedstayhotel #hotelmanagement #hoteliers #hotelmanagement

Asia Pacific recorded US$5.7 billion in hotel transactions over the first half of 2024, led by significant deals in Japan, China and Singapore, according to data and analysis by global real estate consulting firm JLL (NYSE:JLL). With volumes up 19% year-on-year in H1 2024, Asia Pacific is expected to make a rebound with an anticipated record US$11.6 billion in hotel transactions for the full year 2024, fuelled by strong investor appetite for Japan, with the country’s total hotel investment volume expected to reach US$4 billion. https://lnkd.in/gNiZAKWf Nihat Can Ercan #JLL #HotelInvestment #AsiaPacific #HospitalityMarket

According to JLL’s H1 2024 U.S. Hotel Investment Trends report, hotel RevPAR remained “robust” with urban markets in particular, showing promise for growth. More than 20 U.S. cities saw a full recovery of group business performance compared to pre-pandemic levels in the fourth quarter of 2023 which supported several hotel companies’ revenue gains in the second quarter of this year. Jenna Walters dives into the top trends shaping the U.S. hospitality industry in her latest for Hotel Dive: https://bit.ly/3yRwTt8