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Asia Pacific Hospitality Spotlight June 2022
"Despite the short-term uncertainties, the fundamentals driving demand for tourism and hospitality in Asia-Pacific are set to see a resurgence."
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"Despite the short-term uncertainties, the fundamentals driving demand for tourism and hospitality in Asia-Pacific are set to see a resurgence."
"Perhaps it is fairer to say that Hong Kong’s appeal to financial corporations over Singapore will remain intact if more policies are implemented to maintain its competitive edge, including normalising international travel as soon as possible."
"Several renowned retail brands have increasingly set foot or expanded in Shenzhen in the last two years as the city has continued to leverage its economic resilience and strong demographics. However, the retail property leasing market has demonstrated a growing concern for the recurrent covid cases and more fundamentally, the related prevention and control measures with negative consequences for the retail operations across the board."
"Industrial properties such as logistics and industrial offices which can provide a stable 3% yield are attracting local investor attention."
"Over the first quarter of 2022, average occupancy has climbed to 62% versus 42% in the previous year, while average daily rates have increased by 12.4% YoY."
"Rising interest rates and inflation affect sectors differently, but for now, real estate looks like a beneficiary."
"A higher cost of capital, as well as rising raw materials prices and wages have aggregated into a significant increase in construction costs, a notable trend that will contribute to tighter supply in the mid-to-longterm."
"China plans to maintain its manufacturing edge through the modernisation of its industrial sector and taking a leading role in new economy fields. This in combination with increasing investments into foundational basic sciences that will underpin long-term demand for business and science parks."
"After removing the ‘Test & Go’ restriction, Thailand’s tourism industry finally hit one million international arrivals in the first five months, raising the hopes of hoteliers."
"While the residential property market is undergoing a correction, it also presents a rare opportunity for both end-users and investors to acquire properties at attractive price levels not seen in the last decade."