"Serviced apartments have demonstrated relative operational resilience, and while this is supporting investor demand, the challenge remains access to stock, with platform acquisitions offering the best route to market"

"While domestic tourism has seen some recovery, times are tough for the hotel industry, with increasing bankruptcies and delayed recovery due to new variants. However, opportunistic investors still see this as a chance to enter or expand into the Japanese hotel market."

"Drawing on insights from our operator survey, we look beyond the headlines of the staff availability crisis facing the hotel sector"

"As more people get vaccinated, the return of travel demand is on the cards. Even so, considering the technical complexities in restarting global travel, and the uncertainties it brings, the path to normalcy is expected to be eventful. Nonetheless, this presents a great opportunity for well-prepared market participants."