Asia Pacific Hotels MarketView - H2 2013

Record high investment volumes fuelled by resilient hotel performance

LATEST NEWS

• Many markets across Asia Pacific experienced increases in tourist arrivals in 2013, attributed mainly to the proliferation of low cost carriers (LCCs) in the Asean region. With the exception of Brunei, Cambodia and Laos, all the other ten Asean member states have their own home-grown LCCs.
• The World Tourism Organization (UNWTO) is calling for APEC leaders to look at visa facilitation for the region, which can create as much as 2.6 million additional jobs in the APEC economies by 2016 and reap in an additional US$62 to US$89 billion in international tourism receipts. This would increase the existing by 9% to 13%.
• As China’s outbound travelers increased rapidly over the years, hotel developers and investors are seeing opportunities for cross-border capital investments in other international destinations. Top domestic hotel groups such as China Lodging Group, Home Inns Group, Jin Jiang International Hotels and Wanda Hotels and Resorts Company, among others are leading by example with their aggressive global expansion strategy.

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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

Ken Smith
Regional Director - CBRE Hotels, Pacific
O: +61 2 9333 3422
M: +61 413 025 442
E: ken.smith@cbrehotels.com