Transactions in the Asia PacificIn 2023, hotel transaction volume in the Asia Pacific recorded approximately USD11.7 billion, a 12% decrease from USD13.
3 billion from the previous year.
Australasia (Australia and New Zealand), as well as Southeast Asia, observed decreases of 20% and 56% in transaction volume, respectively.
Singapore's hotel market has also proven its resilience during the pandemic, supported by a stable and well-established macroeconomic and political environment.
In general, hotel performance in Asia Pacific is forecasted to continue its growth trajectory in 2024.
Hotel Performance in the Asia Pacific (2024)Source: HVS Research— Source: HVSRead the full article here...
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