Asia Pacific Hotel Market Outlook_Trends to Watch in 2022
30 Mar 2022
- Two years since the onset of the COVID-19 pandemic, there is light at the end of the tunnel for the Asia Pacific hotel sector as more markets across the region ease border restrictions in an attempt to reboot business and leisure travel.
- CBRE expects improvements in visitor arrivals and room occupancy to begin to emerge in Q2 2022, with Southeast Asian leisure markets set to outperform as tourists seek out open-air environments.
- Other key trends anticipated to emerge this year include consumers gravitating to trusted hotel brands, taking longer trips and placing a stronger emphasis on hotel ESG performance.
- This year will also see a further improvement in hotel investment volume as newcomers and experienced investors seek greater exposure, with the weight of capital chasing Asia Pacific hotels now at an all-time high.