Asia Pacific Hotels MarketView - H1 2014

Investment volume moderates in first half of 2014 amid muted regional hotel performance

HOT TOPICS

• International Air Transport Association (IATA) figures released during H1 2014 show healthy demand for air travel in Asia Pacific. April saw a 6.7% increase in passenger traffic and the figure rose to 7.3% in May, largely supported by the gradual improvement in global economic activity.
• Indonesia is a primary corporate destination in Southeast Asia and the country’s Ministry of Tourism and Creative Economy is keen to triple the amount of MICE space by 2019. Next year will see the opening of the Indonesia Convention Exhibition Centre (ICE). With 100,000 sqm of indoor and outdoor meeting space, it will be the largest convention centre in the country.

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CONTACT

Robert McIntosh
Executive Director - CBRE Hotels, Asia Pacific
O: +65 6326 1200
M: +65 8123 0208
E: robert.mcintosh@cbrehotels.com