Chinese investors have been aggressively bidding on mostly upper-tier hotel assets in core markets.
A Land Register search conducted by the paper found that investment holding company GCH had lodged a purchaser’s caveat last month on Singapore’s Big Hotel at a price of $203 million.
Thailand continues to be one of Asia’s most popular holiday and business destinations. Travel and tourism is a key contributor to the Thai economy and the country’s GDP.
One of the newest five-star entrants in the Taiwan market is the 320-room Taipei Marriott Hotel, which opened in July. Other international brands are following Marriott into this appealing market.
Chinese outbound capital in the hotel industry is on the move, but dangers exist when China is suffering economically.
While treaty does not address travel and hospitality, any agreement allowing U.S.-based companies easier access into China would be well-received by hotel industry.
Growing short-term visitor arrivals, a rise in Chinese visitors, greater spending and longer stays as well as high occupancy and returns bring more foreign investment to Sydney hotels.
2015 is on track to be a record year for foreign investment into hotels says JLL as the company announces that global hotel transactions reached US$42 billion in the first half of the year .
Driven by stable economic performance and relatively high yielding assets, many investors over the past two years have been attracted to opportunities across Asia Pacific.
Banquets/catering generates the highest percentage of revenue at 44.1%, followed by outlets (such as restaurants) with 27.4% and service charges with 11.6%.
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