Commercial Hotel

They are beginning to establish acquisition strategies for this year.

The distressed opportunities make great entry points into Japan’s promising hospitality market.

Stakeholders in Melbourne’s property markets have reason to be optimistic.

The property firm's revenue fell by 38.5% for FY 2020.

But the outlook for the hotel industry in Singapore in the immediate term remains cloudy.

Melbourne's hotel occupancies declined to a historic low of just 20.4% in September 2020.

Around 6% of deals were put off in 2020.

Only 14% anticipate buying hotel assets in the same time frame.

Japan now has a record supply of new hotel rooms that will be left empty as international visitors decline 76.3% over the first half of 2019.

The COVID shock was most apparent in April as occupancy dropped to 21.8%.

The most liquid markets were Japan and South Korea.

But volumes have yet to hit 2008/09 lows.