Research Centre

Asia Pacific Hotels MarketView H1 2018


13 Sep 2018

Transactions remain upbeat amid healthy tourism growth

  • International visitor arrivals to Viewnam reached 7.8 million in H1 2018, representing growth of 27.2% y-o-y, the strongest increase in the region.
  • Asia Pacific hotel market occupancy for the 12 months ending July 2018 increased slightly by 120 basis points y-o-y to 71.3%, supported by the healthy growth in international tourism arrivals.
  • Markets registering high occupancy of more than 80% for the 12 months ending July 2018 include consistent performers such as Melbourne, Sydney, Tokyo, Osaka, Singapore and Hong Kong.
  • Strong growth in international arrivals ensured hotel rates kept pace woth hotel demand and occupancy growth.
  • Hong Kong, Ho Chi Minh City and Bangkok led RevPAR growth in local currency terms for the 12 months ending July 2018.
  • Solid demand from domestic and overseas investors contributed to Asia Pacific hotel transaction volume of US$ 5.1 billion in H1 2018. Activity was strongest in Japan, China, Hong Kong and Australia.
  • Major deals included Guangzhou R&F Properties' purchase of Dalian Wanda Group's hotel portfolio of 73 properties for approximately RMB 17.5 billion.

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James Pitchon
Executive Director

Phone: +66 2 119 2901
Fax: +66 2 685 3307
CBREThailand
Executive Director
james.pitchon@cbre.co.th
Sales Staff
Kulwadee Sawangsri
Executive Director

Phone: +66 2 119 2998
Fax: +66 2 654 0540
CBREThailand
Executive Director
kulwadee.sawangsri@cbre.co.th
Sales Staff