During the first six months of this year, a total of 14,025 keys traded across the Asia-Pacific region, higher than the 10,976 keys achieved over the same period a year ago, according to JLL’s Hotel Investment Highlights report. In total, JLL recorded 59 transactions in 11 countries.
Japan led with US$2.1 billion, followed by Australia (US$278mn), Mainland China (US$252.6mn), Vietnam (US$237.6mn), Taiwan (US$217.6mn) and Thailand (US$138.3mn).
The top 10 single-asset transactions in the first six months of this year collectively amounted to almost US$1.7 billion. Japan lent considerable weight to the rankings, representing five out of the top 10 deals transacted during the period.
Mike Batchelor, Managing Director for JLL’s Hotels & Hospitality Group Asia Pacific, says “Looking forward, there remains a weight of capital chasing quality real estate assets. Whilst the investment environment is expected to be dominated by Japan for the remainder of 2016, deal flow should remain robust supported by stronger buying activity in Thailand, Vietnam, Korea and Myanmar.”
“Following Brexit, the weaker British Pound may impact outbound travel from the UK, however, Chinese travellers remain a key contributor to tourism in this part of the world,” continues Mr Batchelor.
To read the full report, click here.