Asia Pacific Hotels & Hospitality Sector Trends 2024 (CBRE) 27 June 2024
With the Asia Pacific hotel market continuing to undergo structural change, hotel owners and operators are fine-tuning operational and branding strategies. Increased labour and utilities costs, limited new supply, and the prolonged peak of the interest rate cycle are among the driving factors.
Our latest report explores the key trends shaping the Hotels & Hospitality sector in Asia Pacific, including an analysis of the current market landscape, the latest activities of the major operators, asset management and investment trends, and ESG considerations.
Key trends:
- Operators keep daily rates high as a result of limited supply, elevated demand and rising labour costs.
- Major global operators continue to expand rapidly across Asia Pacific, with an increased emphasis on lifestyle brands.
- Investment remains robust despite debt-related headwinds, and investors maintain preference for upscale+ assets with rebranding opportunities.
- Adoption of sustainability and ESG initiatives continues; hotels with strong ESG initiatives are set to outperform.
