Hotels in Asia-Pacific likely to see surge in investment as Covid-19 restrictions ease
Asset World Corporation Plc plans to develop Lhong 1919 in Khlong San district of Bangkok to be an integrated wellness destination. (Photo: Arnun Chonmahatrakool)
HONG KONG: Hotels in Asia-Pacific are likely to receive investment of more than US$9 billion this year, a 30% increase from 2021, as countries begin to ease their Covid-19 restrictions and some confidence returns to the hospitality sector, according to JLL.
The higher investment in the segment is just one of the themes likely to dominate the property sector in the region. Total capital outlay is expected to hit around US$200 billion, a 15% rise from the full year estimate for 2021, the property consultancy…
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