Trading sentiment positive across most capital city markets, highest in Tokyo and Sydney, lowest in Bangkok and Kuala Lumpur.
JLL Hotels and Hospitality Group has released its Asia Pacific Sentiment Survey 2017 in which the key findings are:
Trading sentiment positive across most capital city markets, highest in Tokyo and Sydney, lowest in Bangkok and Kuala Lumpur
Investors' hotel operating performance expectations are highest for Asia Pacific, for both the short and medium terms, ahead of EMEA and North America.
Despite an overall softening in trading fundamentals, Tokyo continues to rank highest in Asia Pacific for the short and medium term outlook according to almost 60% of this year's respondents, followed by Sydney, Melbourne and Hong Kong.
Cap rate expectations across Asia Pacific have further improved. Tokyo, Sydney and Melbourne are among markets where investors anticipate that cap rates will compress over the short term.