Investors seeking more Asia Pacific hotel assets in 2021
Investors seeking more Asia Pacific hotel assets in 2021
BANGKOK: Investors are confident in the long-term future of the Asia-Pacific hotels market despite ongoing COVID-19 pressure on the tourism and hospitality sectors, says JLL. According to investors surveyed by JLL, approximately 70% say they are bullish on the Asia-Pacific hotel market and are interested in deploying capital into the sector in 2021.
For its Hotel Investment Outlook report, JLL polled approximately 100 clients in late January 2021. Image: JLL
JLL is forecasting approximately US$7 billion in transactions in 2021, an increase of 20% year-on-year, up from $5.8 billion in 2020. While sizable pools capital are ready to be deployed, pricing and financing will become a larger consideration for investors. According to JLL, the gap between buyer and seller price expectations will narrow as distress becomes less likely, while sellers come to terms with the impac