Hotel

"The hotel sector shone brightly in 2024, as record numbers of inbound tourists contributed to further growth in ADR and RevPAR. This robust momentum shows little sign of slowing down into 2025. Looking ahead, new hotel supply will be limited from 2025 due to high construction costs and labour shortages, on top of project cancellations related to the pandemic, which will benefit existing hotels."

"Positive economic and political sentiment is filtering through with more stock in the market, warming up for a stronger Q4"

"The Asia Pacific hotel sector is undergoing a dynamic shift, positioning itself as a beacon of resilience amidst a fluctuating commercial property investment climate."

"Investor interest surges as the lines between hospitality and residential blur"

"The hotel sector has continued on its upward trend, reaching new highs for ADR and RevPAR. This sustained robustness has also fuelled investment sentiment and volumes to historical highs. While overtourism is an issue in some popular areas, Japan has a wide and diverse array of locations that have not been discovered yet. More inbound tourists should be welcomed as long as they are properly distributed."

"Yield compression re-emerged in June but, as of yet, has not translated into increased transactional activity across the board. This may change in H2 considering improving corporate confidence and a stronger economic backdrop"

"It is clear that pricing has started to change in some segments, with sectors (retail warehouses, industrial and hotels) more advanced on their journey than others"

"Global diversification of supply has not diminished the importance of branded residences across the Americas"

"2024, the turning point for transactional activity"

"Leisure spending has seen a continued uptick in performance over the last 12 months, in spite of consumer belt-tightening and cost of living increases"