According to JLL’s latest research, in 2019, Asia Pacific is the only region expecting growth in hotel transaction volumes, anticipating a total of USD 9.5 billion – a 15% lift from 2018. Developers and private equity firms were the biggest buyers in 2018, acquiring more than half of all the properties traded. Building on 2018, investment momentum is expected to accelerate as investors look to sell assets and ride the anticipated tourist boom. JLL expects that the most notable buyers in 2019 will be Pan-Asian private equity funds that raised capital last year but have yet to deploy it. These investors are considering putting their money on countries like Japan whose hotel market has become enticing and will remain buoyed by the Rugby World Cup and the Tokyo Olympics; Japan has already seen an 8.7% growth in tourism year-on-year. Meanwhile, Singapore’s hotel market has pulled in 7.0% more tourists last year and in China, tourism demand outstrips supply.
The growth of the tourism industry in these countries has also incited international and domestic investors to take notice of other Asian neighbours, including the Philippines. In 2018, there were 7.1 million international tourists who visited the Philippines, a 7.7% rise compared to 2017.
Read more: Philippine Daily Inquirer
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