Hong Kong hotel investments to reach USD 500 million in 2024 - JLL
Oscar Chan, Head of Capital Markets at JLL in Hong Kong, said: "Currently, Hong Kong is experiencing high vacancy rates in many hotels, particularly in the three- and four-star categories, largely due to changing tourist consumption patterns.
Asia Pacific hotel investments to cross $12 billion in 2024: JLL
Analysis based on year-to-date capital volumes, a spike in transaction activities and strong market fundamentals says Nihat Ercan, CEO, JLL Hotels & Hospitality Group, Asia Pacific.
NZ Visa processing delays pressure hospitality and tourism sectors
Immigration New Zealand’s acknowledgement that changes are required to improve visa processing delays is well overdue, says Steve Armitage Hospitality New Zealand Chief Executive.
L to R: Nick MacFie, Vice President – Investment Sales. Andrew Langsford, Senior Vice President – Investment Sales and Gareth Closter, Senior Vice President – Investment Sales.
Dominant activity in the hotel mid-markets set to continue - JLL
The Australian mid-markets accommodation asset class (≤ A$40 million) has shown strong resilience through 2024 in comparison to other commercial investment markets commented, Nick MacFie, Vice President – Investment Sales. Andrew Langsford, Senior Vice President – Investment Sales and Gareth...
Stronger events proposition could boost hotel demand - CBRE New Zealand
As Auckland's hotel industry grapples with a surge in room supply and low occupancy rates, new research from CBRE uses examples of events in Australian cities to demonstrate the value an improved forward schedule of major events could provide to hotel business.
Travel + Leisure Co. growth opportunity with rise of fractional ownership in Asia
Travel + Leisure Co., sees strong growth potential for vacation ownership in Asia as people seek luxury experiences without the financial burden of buying a holiday home, says Barry Robinson, President and Managing Director, International Operations at Travel + Leisure Co.
Liquid assets on tap as investors turn to pubs & liquor - Burgess Rawson
Burgess Rawson Partner and Head of Asian Investment Services, Zomart He said pubs and liquor assets have consistently delivered strong profits, and their evolving roles are further solidifying their attractiveness as investments.
International air revival underpins performance for Accor’s Queensland hotels
Accor’s Queensland hotel network recorded sustained growth in the year to the end of July 2024. Accor Pacific Chief Operating Officer PM&E, Adrian Williams, said Queensland was leading the Australian travel recovery.
Australian and APAC hoteliers divided on 24/25 outlook according to JLL Hotel Operators’ Sentiment Survey
The newly released JLL Hotel Operators’ Sentiment Survey 2024/2025 is forecasting mixed fortunes for the hotel sector in the Asia Pacific region in the year ahead says JLL Hotels & Hospitality Group Executive Vice President, Ross Beardsell.
WA Hospitality industry welcomes slashing of red tape for liquor licensing policies
The Australian Hotels Association (WA) has welcomed today’s announcement that the WA Government and the Director of Liquor Licensing have cut the suite of 54 liquor licensing policies to 14, making it easier for hospitality operators to do business. AHA(WA) CEO Bradley Woods said it has been a...
