The APAC hospitality real estate sector entered 2016 on a continued upward growth trajectory; a greater sense of optimism was felt across the region, as accelerating capital markets, favorable supply-demand balances and strong investor appetites fueled higher transaction volumes and strengthened lodging fundamentals. Tourism arrivals continued to post steady growth in all four sub-regions in APAC during 2015. Japan is especially enjoying an unprecedented boom in foreign tourism. Along with positive occupancy momentum, investor demand for hotels in Asia Pacifi c remained fi rm in 2015. Accelerating cross-border capital fl ows intensifi ed the competition among domestic and international investor groups for hotel assets. In selected secondary markets, investors evaluated higher-yield opportunities outside of gateway cities, refl ecting renewed interest in the sector. The outlook remains bright and investors will likely continue to display a healthy appetite for hotels throughout much of the APAC region.
Source : CBRE Global Investors