Asia’s Hotel Deal Market Is Booming, Can It Outrun Global Headwinds?
Photo Credit: Hyatt Regency Bangkok Sukhumvit. JLL Hotels
Skift Take
Asia's hotel investment market has several buffers insulating it from broader market volatility, says a giant hotel broker. Limited supply is the biggest one.
Hotel transactions across Asia Pacific reached $12 billion in 2024, a gain of 3.3% year-over-year, according to Nihat Ercan, CEO of JLL Hotels & Hospitality Group, Asia Pacific.
But can the gains continue given the turbulence in the global economy?
"We're actively calling for bids across the region, and in just the past two weeks, we've exchanged contracts on two boutique hotels in Singapore, launched fresh bids on a major hotel in Sydney, and have just got an offer on another hotel in Melbourne," said Ercan in an exclusive interview to Skift.
Ercan expects this momentum to grow despite global market volatility.
“The volatility in the public markets that I think is expected in the short term puts further emphasis on investors’ desire to diversify and invest in hard assets like hospitality,” said Ercan, whose parent group, JLL, has helped trade over $80 billion in hotel assets worldwide in the past six years.
Limits on
