Hotel investment in APAC continues to recover

Hotel investment volumes in Asia-Pacific were up 33% totalling USD6.8bn in the first half of 2022, 11.9% higher than pre-pandemic levels in 2019. According to real estate professional services firm JLL’s report, Singapore is one of the countries that bounced back the quickest as it was one of the first to lift most travel restrictions in the region. Other than Singapore, which saw USD899.7m in capital inflows, Maldives (USD205.5m) and Indonesia (USD159.6m) also continued to recover strongly, JLL said. When it comes to investment volume, countries that received the most capital include Japan (USD1.8bn), South Korea (USD1.7bn) and Greater China including Hong Kong (USD1.6bn). JLL said activity in Australia (USD145.5m) and Thailand (USD37.7m) was more subdued.