Hotel investments in Asia Pacific will cool to $10.1 billion for 2023 due a variety of external factors, representing a year-on-year decline of 14%. According to JLL’s (www.jll.com) Hotels & Hospitality Group’s recently published Hotel Investment Highlights Asia Pacific, a decline in both transactions and investment volumes versus 2022 is largely attributable to the combined headwinds of interest rate increases, cost inflation, and macroeconomic uncertainty.