According to investment data tracked and analyzed by JLL Asia, pacific hotel investment remained flat in the first half of 2021 with $3.7 billion in sales, a decline of 3.7% year-on-year.
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.
International property broker Knight Frank's latest Global House Price Index is reporting that urban house prices worldwide are rising at their fastest rate since 2007 and of the 150 cities they track, 43 are now registering annual price growth above 10%.
Asia Pacific hotel investment remained flat in the first half of 2021 with $3.7 billion in sales, a decline of 3.7% year-on-year. In total, 61 hotel investment deals were transacted in the first half of the year across nine countries and representing over 10,000 rooms.
With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million sq. ft. of distribution space just to handle the increase in online ordering in that timeframe.
Posted on June 25, 2021
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