Commercial Hotel

They were all part of reopening/rebranding projects.

It’s a slight increase from the US$1.4b expected this year.

Thanks to large transactions such as the Hyatt Regency Shinjuku.

Next year is expected to be a subdued one for hotel investments in the country.

Transaction volumes grew 16% to USD8.4b in the first nine months of 2022.

Monthly occupancy rates haven’t reached below 50% so far this year.

Korea accounted for the largest share of US$2.8  billion in the first half of the year.

These are from eight properties currently under construction.

The luxury segment will account for over half of this new supply.

The hotels will add 1,031 rooms to the market.

One is The Standard at Mahanakorn which is set to be Bangkok’s tallest building.

Six properties are expected to open within this year.

Investment volumes increased 33% to $6.8b in H1 alone.

Room supply increased by 7.1% per annum between 2014 and 2019.

Despite high airline ticket prices and new widespread Covid-19 variants, we have seen a surge in the demand for travel across regions which have eased...

Over 2,000 rooms were added to the inventory in 2021.