Record-breaking Q4 2017 Real Estate Investment Volumes in Asia Pacific Sound a Positive Note For 2018
Investors look to traditional favourites Hong Kong, Australia and Japan, with uplift in cross-border investment activity
Hong Kong's hotels reported occupancy rose 6.1% to 91.2% in January, according to preliminary monthly data from STR. ADR was flat at 1,428.41 Hong Kong dollars ($182.62) and RevPAR rose 6.1% to HK$1,302.29 ($166.50).
Sydney's hotel market reported occupancy fell 0.9% to 81.2% in January, according to preliminary monthly data from STR. ADR, however, increased 1.5% to 222.18 Australian dollars ($173.89), which raised RevPAR 0.6% to AU$180.43 ($141.22).
The Bali Hotel & Hotel Residences Market Update takes a critical look at the trading impact of the event and more importantly takes a pragmatic view of the changing tourism landscape of the Island of the Gods. As China grabs center stage from the legacy Australian core international market, find out whats inside the bounce back and what to expect in 2018.
Asia-Pacific is a land of opportunity for savvy hoteliers; more and more travellers are flocking to the region every day, seeking new and unique experiences. Unfortunately, that hasnt escaped the notice of OTAs.
Hotels in Singapore reported mixed year-over-year results in December, according to preliminary data from STR. Occupancy grew 0.3% to 76%, while ADR dropped 2.1% to 275.02 Singapore dollars ($206.76) and RevPAR decreased 1.8% to 209.01 Singapore dollars ($157.13).