Phuket Real Estate News
Phuket
Asia Pacific Tourism to Approach Full Recovery in 2024, Driving Hotel Sector Growth
According to new CBRE research, institutional investors are attracted to prime hotel assets in tier one markets across Asia Pacific, even though tourist arrivals in key destinations are only reaching 70-80% of pre-pandemic levels.
Asia Pacific Hotel Revenues to Rise in 2024 Despite Economic Volatility
According to JLL's Hotel Operators' Sentiment Survey 2023, hotel occupancy levels in the Asia Pacific (APAC) continue to rise steadily following the reopening of all key markets, the ramping up of air capacity, and a strong pick up in conferences and events around the region.
Asia Pacific Hotel Investment Collapses 51 Percent in 2023
Based on new data from JLL, Asia Pacific hotel investment volumes declined by 51% year-on-year in the first half of 2023 as macroeconomic challenges and the rising cost of debt influenced capital deployment.
Asia Pacific Real Estate Being Targeted by Offshore Investors
According to CBRE's latest In and Out Report, offshore property investors have upped the ante in the Asia Pacific region, accounting for 41% of the $15.6 billion (USD) in office, retail, industrial and hotel property transactions finalised in H1 of 2021.
