asia pacific hotel industry
Profitability in Asia Pacific Hotel Markets Well Below Pre-Pandemic Levels
STR | November 2, 2021
LONDON — November 2, 2021 — The hotel industries in seven key Asia Pacific markets reported profitability levels well below pre-pandemic levels, with only Beijing above 40% of the 2019 comparable, according to STR‘s September 2021 monthly P&L data release. Building on its launch in the U.S., STR now features monthly P&L data reporting in four world regions: Europe, the Middle East, Asia Pacific, and the Americas. Beijing’s gross operating profit per available room (GOPPAR) of US$29.91 was 70% of September 2019 levels. Singapore (US$39.99) came in at 35% using the same time comparison, while Hong Kong (US$6.22) wa...
Europe and Asia Pacific Show Increased Hotel Pipeline Activity
STR | October 18, 2021
LONDON — October 18, 2021 — Two of the four world regions, Europe and Asia Pacific, showed an increase in hotel pipeline activity at the end of the third quarter, according to September 2021 data from STR. September 2021 (% changes in comparison with September 2020) Europe In Construction: 230,265 rooms (+6.6%) Final Planning: 171,988 rooms (+5.9%) Planning: 148,565 rooms (-4.8%) Total Under Contract: 550,818 (+3.1%) Germany (46,494) and the U.K. (35,196) lead Europe in total rooms in construction. Asia Pacific In Construction: 478,193 rooms (0.0%) Final Planning: 178,195 rooms (+5.3%) ...
Market Snapshot: Asia Pacific 2019
Hok Yean CHEE | November 11, 2019
By Hok Yean CHEE Transactions in Asia Pacific In 2018, transaction activity in Asia Pacific continued its strong momentum from 2017 and achieved transaction volume of approximately USD12.8 billion worth of hospitality assets, indicating a 26.6% increase year-on-year. From 4Q2018 to 3Q2019, transaction activity in Asia Pacific has slowed down. Despite the reduced transaction activity, growing interest in hospitality assets continue to be observed in regions such as Australia & New Zealand, India & Sri Lanka and specific markets in the North Asia and South-East Asia regions. For some markets, the slowdown can be attributed to vario...
Four Key China-Related Trends Shaping Asia Pacific Hotel Industry
JLL | August 8, 2016
Mainland Chinese investors exported over $5 billion into the hotel real estate sector across the globe in 2015, and the country accounted for nearly half of all cross-border investment out of the Asia region. As Chinese investors brought a new perspective to deal selection, what are the trends that will shape the sector in Asia Pacific going forward? Experts including Tony Ryan, Managing Director, Global Mergers & Acquisitions for JLL Hotels & Hospitality and Yuval Tal, a partner in law firm Proskauer, identify four major trends that are likely to influence the industry in the coming years. China as a safe-haven hotel investment...
